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Production and sales of German machinery industry in February 2021

Trends in production and sales of German machinery industry have been pointing downwards since June 2019

Symbol picture machinery industry.

This report combines multi-year trends with monthly status of production and sales in the German mechanical engineering. However, associations and official statistics separate both in favor of a mechanical comparison to previous month or year. Thus long-term effective trends are losing sight of. A separate trend report publishes the trends in production and sales from 2008 to 2019. As sales in euro are published delayed in time by the Federal Statistical Office publishes, so our analysis of these numbers.

Update April 13th, 2021 – After overcoming the trough of the global economic crisis by mid-2012, the production trend in the German mechanical engineering industry (dotted line) formed a six-year growth phase, at times interrupted by stagnation and decline. During this period, production grew at a trend rate of 0.8% per year.

This slight growth trend ended in October 2018 with 107.1 index points, the highest value since the global economic crisis of 2008. 

Since November 2018, the trend in production has been downwards, reaching 89.1 index points in February 2021. This means a decline of 7.6% per year.

The growth trend is defined by Quest Trend Magazine as moving yearly average of the production indexes published by the Federal Statistical Office.

Production machinery industry in Germany from 2008 to 2021.

Taking into account the entire period after overcoming the crisis low in mid-2012 until February 2021, the production trend shows a decrease of 1.4% per year.

Trend of sales at minus 9.6% p.a. since June 2019

After overcoming the crisis low in mid-2012, sales also formed a growth trend that essentially continued until May 2019 at a growth rate of 2.2% p.a. and, at 111.6 index points, reached the highest level since the economic crisis.

Since June 2019, the trend has been downwards with a minus of 9.6% p.a. until February 2021.

Sales of German machinery industry from 2008 to 2021.

Looking at the entire period since the crisis bottom was overcome in mid-2012 until February 2021, the trend points to a stagnation of minus 0.2% p.a.

Sales trend in euro of machinery industry drops after peak of €21bn in May 2019 to €17.9bn

In May 2019, the sales trend in euros reached a new record level of €20.9 billion since the outbreak of the global economic crisis.

The change to the downward trend pushed sales down to € 17.9 billion in January 2021, a decline by 8.9% p.a. since May 2019.

The slight growth trend of sales from 2012 to 2018 was combined with 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. Fluctuations of sales becoming ever larger.

Sales of machinery industry in euro in Germany from 2008 to 2021.

Growth expectation of German machine-builders to 2020

Growth expectation of German machine-builders in regard to their machine production to 2020 hightlights a separate report to results of a market survey from Quest TechnoMarketing.

The export markets in the long-term analysis

The export markets of the German machinery industry, the concentration of the export markets as well as the declining absorbing power of most of the export markets for German machine exports highlights several reports with long-term analyses.

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