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Production and sales of German machinery industry in March 2020

Production and sales of German machinery industry in crisis mode

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 May 14th, 2020 – The trend of the production of the German machinery industry reached its highest value since the world economic crisis with 107.1 index points in October 2018.

Then the slight growth trend turned into a downward trend, leading to a level of 100.2 index points in March 2020, well below the pre-crisis level of 106.4.

The downward trend shows a rate of minus 4.6% p.a.

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 2020.

The sales trend also showed a decline in March 2020.

Trend of sales at minus 5.8% p.a. since May 2019

In May, the slight growth trend in sales in the German mechanical engineering sector had still reached 111.6 index points, the highest level since the economic crisis.

Then a change of trend occurred, which led to falling sales. This downward trend is minus 5.8% per year since May 2019.

Sales of German machinery industry from 2008 to 2020.

In 2019, the average growth rates of production (0.07% p.a. since 2012) and sales (1.6% p.a. since 2012) still diverged significantly in favour of sales. In the downward trend, however, sales at -5.8% p.a. are declining faster than production at -4.6% p.a. at last.

Sales trend in euro of machinery industry drops by 4.3% p.a. after peak in May 2019

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 € 20.3 billion in January, a decline of 4.3% 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 2020.

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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