VDW raises machine tool output forecast

In the first quarter of 2018, order bookings in the German machine tool industry rose by 22% compared with the preceding year’s equivalent period.

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Domestic orders were up by 39%, while orders from abroad increased by 15%. “Based on a sizeable increase in orders last year, which is set to continue, we see for 2018 the potential of higher growth in production output than was still being anticipated in February, and are subsequently raising our production output forecast from 5% to 7% growth,” says Dr Wilfried Schäfer, executive director of the VDW (German Machine Tool Builders’ Association).
For further information www.vdw.de