Posts Tagged Production forecast
Industrial production rises again
December 13th, 2010 | Thema: News
Manufacturing industry production increased by a seasonally and price adjusted 2.9 per cent in October 2010 on the previous month, according to the Federal Ministry of Economics. It fell by one per cent in September. An increase in industrial productivity by 3.2 per cent was decisive for the current development. Production in the construction industry rose by 1.3 per cent. Within the sector manufacturers of capital equipment reported the greatest increase at 4.6 per cent, followed by manufacturers of producer goods, who expanded their production by 2.9 per cent. Production of consumer goods grew by 0.8 per cent.
The annual comparison shows a clear upturn on the crisis year 2009. Manufacturing industry production exceeded the previous year’s level by 9.6 per cent in September/October, adjusted for the number working days. Compared with the level twelve months ago industrial production was up 11.3 per cent and construction production rose by 4.6 per cent.
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.