Frankfurt am Main, 7 May 2014. –
Orders received by the German machine tool industry in the first quarter of 2014 were 10 percent up on the previous year. Domestic orders were 20 percent higher than last year, whereas orders from abroad increased by 5 percent.
“The domestic market is a major source of demand for the machine tool sector right now,” said Dr. Wilfried Schäfer, Executive Director of the VDW (German Machine Tool Builders’ Association) in Frankfurt am Main, commenting on the result. Order levels began to rise at the end of 2012 and this ongoing trend confirms just how optimistic German clients are at the moment and how the domestic reluctance to invest is now well and truly over. This is also reflected by the sentiment levels in industry which have risen again recently.