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Production and sales of German machinery industry in October 2017

Production and sales of german machinery industry are moderately growing in 2017

This report deals mainly with monthly changes of production and sales of the German machinery industry based on official production statistics. A separate trend report publishes the trends in production and sales from 2008 to 2015. The Federal Statistical Office publishes sales in euro a couple of days after production indices.

Symbol picture machinery industry

Update January 12th, 2018 – The machinery industry is still struggling for increasing its production that has been stagnating since 2012.

In December 2016 production could slightly exceed its pre-crisis level - for the second time since 2008 and lastly in December 2014. During 2017 production is showing a moderate growth.

That is visualized in the diagram by the upper and lower lines as well as by the dashed line of the yearly production mean value.

Production machinery industry in Germany from 2008 to 2017.

The efforts of the machinery industry to increase production sustainably over the pre-crisis level nine years ago did not succeed in the last years. Production peaks in December 2014 and 2016 exceeded the pre-crisis level - but just for the related month. Afterwards production dropped back again below pre-crisis level.

In the year 2017 production has been establishing a slight growth trend. The moving yearly average has increased from 116.3 to 118.1 (October), the highest value in nine years since the world economic crisis.

A new top of production since 2008 can be expected for December 2017.

Sales too are keeping on their slight groth trend that has already been established in 2014.

Trend to slightly growing sales continuing in 2017

Since the beginning of 2014 sales of the German machinery industry have been showing a trend to slight growth, continuing in 2017.

In 2013 the average monthly value of sales stood at €17.6bn. In 2016 it raised to €19bn and reached in December with €22.6bn the highest monthly value since th ebeginning of the world economic crisis.

Slight growth trend of sales means distinct fluctuations around a slow increasing growth line in the course of several years. This phenomenon is visualized by an extra report for the time since 2000.

Sales of machinery industry in euro in Germany from 2008 to 2017.

Rising machine sales since 2014 combined with stagnating production mean: Machines from Germany becoming more and more value-added by higher performance and increased function variety.  

Growth expectations regarding machine production to 2020 with 5.5% per year

The growth expectations of the machine-builders up to the year 2020 form an average of 5.5% per year in regard to machine production. This was unfolded by a representative market survey from Quest TechnoMarketing in 2017 about the use of servo drives until 2020 in the German machinery industry.

The growth expectations' main feature is that they are divided into two halves.

Growth expectations of machinery industry regarding machine production to 2020.

56% of the machine-builders expect their machine production to stagnate (44%), drop (1%) or grow modestly (11%) to 2020.

In contrast, 44% of the machine-builders expect a yearly growth of machine production of more than 5.5% among up to 10% (25%), upt to 20% (18%) or even more than 20% per year (1%).

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