Posts Tagged Mechanical Engineering
Further improvement in mechanical engineering order situation
May 9th, 2011 | Thema: News
In engineering the number of orders received in March 2011 was 18 per cent of the previous year’s level in total. This was reported by the Verband der Maschinen und Anlagenbauer (VDMA, or German Engineering Association). Domestic business and exports are developing in parallel to each other: both domestic demand and foreign business rose by 18 per cent.
In a quarterly comparison engineers posted a plus of 32 per cent in comparison with the same period in the previous year. With triple digit growth machine tools manufacturers achieved particularly outstanding values. At the same time the association is talking about a normalisation of growth rates, because March 2010 was the first month of strong orders after the crisis and the basis effect is continually declining.
Forecast for mechanical engineering doubles
September 16th, 2010 | Thema: News
The Verband Deutscher Maschinen- und Anlagenbauer (VDMA, or German Engineering Federation) has doubled its production forecast for 2010. Instead of gains of three per cent, growth of six per cent is now expected. The reason for the marked upwards correction has been the extraordinarily good incoming orders received in the past few months.
Incoming orders were 5.2 months on average in June (October 2009: 4.6 months). Adjusted for price exports grew by 3.5 per cent. The upturn is also being supported by more and more countries. Impulses have come from American and Asian emerging markets in particular. This has had effects on the employment market: In June the number of employees in the mechanical engineering sector increased by a good two thousand to 904,000 for the first time in a year.
Mechanical engineering firms worried about young talent
August 24th, 2010 | Thema: News
The Verband Deutscher Maschinen- und Anlagenbauer (VDMA, or German Engineering Federation) is complaining about the increasing problems the sector is having when looking for qualified young talent. In a current interview Federation President Manfred Wittenstein put the number of unfilled engineering vacancies at “4,000 with a rising trend”. As a counter measure Wittenstein is demanding the further development of the educational system in order to reduce the number of students who do not complete their studies. “About 50 per cent of students studying engineering subjects do not complete their courses. That’s dramatic.” Furthermore, the emigration of skilled workers had to be stopped.
Mechanical engineering order books fill up
August 4th, 2010 | Thema: News
Incoming orders in the mechanical engineering sector have continued to grow in comparison with the crisis year 2009. They were 62 per cent higher than the previous year in June 2010. Domestic orders went up by 67 per cent while orders received from abroad rose by 60 per cent. These figures have been reported by the Verband Deutscher Maschinen- und Anlagenbauer (VDMA, or German Engineering Federation). The more meaningful three month comparison for the second quarter verified great dynamism in the German mechanical engineering sector. Growth in comparison with 2009 amounted to 53 per cent in total for the period from April to June.