Domestic and foreign sales of German machinery industry 2008 - 2016 Q2
Domestic sales in German machinery industry lose in first half-year 2016 their role as growth engine
August 18th, 2016 - The differences in the course of domestic and foreign sales will become apparent when both are related to a common starting point. For this purpose we set the pre-crisis year 2008 to 100 for both domestic and foreign sales.
The diagram opens up two tendencies in the course of domestic and foreign sales.
In general, foreign sales work as growth engine. They already exceed their pre-crisi level in 2012 while domestic sales succeed only in 2015. In the same year domestic sales took the helm over as growth engine for the German machinery industry.
In first half-year 2016, however, domestic sales hand their role as growth engine again back to foreign sales.
Foreign sales have been growing more dynamically than domestic sales. So their line spreads itself from that of the domestic sales.
However, the focus is on the parallelism in the course of both sales. So there is neither in the inland nor on the important export markets an exceptional business cycle that would provide an exceptional development for the sales of the German machinery industry.
In fact, it is the worldwide economic situation, in particular that of the wolrdwide industrial production, that sets its unified stamp on domestic and foreign sales. The report about trends in the worldwide industrial production analyses this stamp on more detail.