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Germany’s machinery industry orders contracted in September

Germany’s machinery industry orders contracted in September

According to data issued by the Federation of Industrial Companies German machines (VDMA) said that orders recorded a decline of 4 percent last September.

Total orders during the first nine months of this year recorded a decline of 8 percent compared to the same period last year.

“There is a lack of stimulus from many markets,” said Olaf Voortmann, an economist at the consortium Sales“, adding that “the federal government also lacks a clear policy that is favorable to the economy and includes measures that would stimulate new investments.”

The sector’s orders last August increased compared to the same month in 2023, thanks to orders coming from abroad, which increased from those in the same month last year.

However, Fortmann described this rise at the time as an “exceptional rise.”

During last month, orders coming from abroad remained at a stable level thanks to contracts for large systems, but domestic orders fell by 16 percent compared to the same month last year.

Last month, the VDMA union announced that it was reducing its expectations for the entire year, as it now expects the volume of price-adjusted production to decline by approximately eight percent from last year’s level, for reasons including weakness. Markets The mission is like the United States And China.

The union also expects production volume to decline by 2 percent in 2025.



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