Q3 New Orders Encourage EU Machine Tool Builders

Nov 24, 2015

Machine tool builders in two of Europe’s largest manufacturing markets reported rising orders during the third quarter, with orders from domestic buyers providing especially encouraging results. Reports by the machine tool builders’ trade associations in Germany (VDW) and Italy (UCIMU) were a notable contrast to the weakening order volumes in the U.S. machine tool sector.

During the third quarter of 2015, the German machine tool industry’s new order volume fell by 1% compared to the Q3 2014 reports. Machine tool orders from domestic (German) buyers rose by 9%, VDW reported, while demand from outside the country was down 7%, year-on-year.

Source: American Machinist