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German Federal States — News — previous year month — VDMA — Southwest — economic situation — Baden-Württemberg — Incoming orders — Mechanical engineering — Stuttgart

Orders in mechanical engineering decline again

Incoming orders for mechanical engineering companies in the south-west fell in October. Compared to the same month last year, price-adjusted orders fell by twelve percent, according to the Baden-Württemberg mechanical engineering association VDMA on Friday.

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An employee of a mechanical engineering company cuts corroded metal parts with a cut-off machine.....aussiedlerbote.de
An employee of a mechanical engineering company cuts corroded metal parts with a cut-off machine. Photo.aussiedlerbote.de

Economic situation - Orders in mechanical engineering decline again

Incoming orders for mechanical engineering companies in the south-west fell in October. Compared to the same month last year, price-adjusted orders fell by twelve percent, the Baden-Württemberg mechanical engineering association VDMA announced on Friday.

After 18 months of declines, incoming orders had risen slightly in September, which the association attributed to special effects. With the exception of September, all months this year have been characterized by double-digit declines, said Dietrich Birk, Managing Director of the state association, according to the press release. "Order backlogs are increasingly dwindling, which will have an impact on companies' sales."

Between August and October, orders fell by eight percent compared to the same period last year. After the first ten months of the year, the decline now stands at 14 percent.

Lesen Sie auch:

  1. Despite the decline in incoming orders in October, mechanical engineering companies in the previous year's same month saw a slight increase, as reported by the VDMA based in Baden-Württemberg, Germany.
  2. The VDMA, an association representing mechanical engineering companies in Southwest Germany, including Stuttgart, warned of the impact of dwindling order backlogs on company sales due to the ongoing double-digit decline in incoming orders this year.
  3. Interestingly, while the mechanical engineering sector in Baden-Württemberg experienced an eight percent drop in orders from August to October compared to the previous year, there was a slight uptick in September, which the VDMA attributed to special effects.
  4. The ongoing economic situation in mechanical engineering has led to significant declines in incoming orders, with the first ten months of the year showing a 14 percent decrease compared to the previous year.

Source: www.stern.de

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