Strong demand for German machine tools

Orders received by the German machine tool industry in the first quarter of 2017 were 6% up on the previous year, reports the VDW. Domestic demand rose by 2%, while overseas orders grew by 8%. The latter figure was boosted by a high increase of 23% in orders for machine tools from European countries. The VDW also reports a 13% increase in metal-forming technology orders. This rise in demand came both from home and abroad. Machining equipment orders, however, which represent about 70% of the total, only rose by 3%.
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