Posts Tagged Orders
Dwindling new orders and stagnating industrial production
April 15th, 2013 | Thema: News
The German economy’s hopes of a sustained upturn have received a blow, in the opinion of the Bundesverband Materialwirtschaft, Einkauf und Logistik (BME, or German Association Materials Management, Purchasing and Logistics). After positive signs at the start of the year, dwindling new orders and stagnating industrial production have caused the seasonally-adjusted Markit/BME Purchasing Managers’ Index (EMI) to fall. Evidently, according to the BME, the German economy also has to pay its price for the turbulence in the eurozone.
The important early indicator for economic activity fell by 1.3 points on the previous month to 49.0, thus sliding below the growth threshold of 50 points again. The March value is the weakest EMI quotation for three months and is below the long-term average of 51.9. “The difficult situation in Sothern Europe is creating uncertainty in many German companies. It’s also leading to a darkening in the investment mood,” emphasised BME Chief Executive Officer Holger Hildebrandt. In contrast, falling purchasing prices, which are relieving companies on the costs side, are giving reasons for hope.
Downwards trend in incoming orders continues
August 13th, 2012 | Thema: News
German industry also did not manage to stop the downwards trend in incoming orders in July 2012. This is the result of the latest survey of the Bundesverband Materialwirtschaft, Einkauf und Logistik (BME, or German Association Materials Management, Purchasing and Logistics). Renewed significant losses of orders have led to the Markit/BME purchasing managers index (EMI) falling by two points to 43.0 points within four weeks. This is the worst decline in this important growth early indicator since June 2009. The EMI has now been below the 50 point mark, from which growth is signalled, for the fifth month in a row.
Incoming orders in German industry have now fallen for thirteen months in a row – and thus for longer than ever before since survey started in April 1996. One reason is dropping demand abroad, and not only in Western Europe but also from the USA and Asia. Once again an even higher minus was posted for export orders than for overall incoming orders. This development has also been reflected in concrete terms in businesses. In view of weaker demand and growing worries about further production requirements businesses have cut jobs for the fourth time in a row.
Decline in orders received in mechanical engineering
March 5th, 2012 | Thema: News
In January the orders received by the German mechanical engineering sector were six per cent below the previous year’s level in real terms. This is the result of a current survey by the Verband Deutscher Maschinen- und Anlagenbau (VDMA, or German Engineering Federation) of its members. Domestic business fell by nine per cent in annual comparison and foreign business by four per cent.
In the three month comparison from November 2011 to January 2012, which is less influenced by short term fluctuations, there was a total minus of nine per cent on the previous year’s period. Domestic orders were four per cent lower and there was a fall of twelve per cent in foreign orders. Nevertheless, with reference to positive early indicators, the VDMA hopes that orders will stabilise again but does not exclude falls in the coming months.
More orders for industry in the euro area and in the whole EU
August 1st, 2011 | Thema: News
In May 2011 the incoming orders of industrial companies in the 17 countries in the euro area rose by 3.6 per cent compared with the previous month. This has been reported by the Statistical Office of the European Union (Eurostat). If all 27 EU member states are considered, the rise was 2.5 per cent. The highest growth was reported by Estonia (+14.2%), Bulgaria (+14.1%), Hungary (+9.4%) and Sweden (+5.0%); the strongest declines were observed in Latvia (-10.7%) and Finland (-8.8%). These values were based on figures for manufacturing industry. If the past twelve months are analysed, the economic upturn in this period of time becomes clear: in comparison with May 2010 the index of incoming orders in industry in May 2011 rose by 15.5 per cent in the euro area and by 14.3 per cent in the whole EU.
Orders received in mechanical engineering at high level
June 6th, 2011 | Thema: News
Orders received in the German engineering sector were 22 per cent above the previous year’s result in real terms in April 2011. This figure was reported by the Verband Deutscher Maschinen- und Anlagenbau (VDMA, or German Engineering Federation). In a three month comparison less influenced by fluctuations from February to April 2011, there was on overall plus of 26 per cent in comparison with the previous year. Domestic orders were up by 24 per cent and foreign orders rose by 27 per cent.
“The high growth rates conceal an unfolding sideways movement at a high level, in foreign business above all. The various geopolitical and economic burdens are obviously having an effect,” said VDMA Chief Economist Ralph Wiechers when interpreting the result. Whether this would last or – as last autumn – it is only temporary will be shown in the next few months.