German Machine Tool Orders Rising
The German Machine Tool Builders’ Association reports an increase in machine tool order bookings.
VDW, the German Machine Tool Builders’ Association, reports that order bookings for Germany’s machine tool industry in the third quarter of 2013 rose by 9 percent compared with the third quarter of 2012. Domestic orders were up by 12 percent, while orders from abroad were up by 6 percent on the preceding year’s figure. The increase follows an overall drop of 6 percent over the course of the first nine months of 2013. According to Wilfried Schäfer, VDW executive director, the turnaround may be due in part to a boost from the EMO 2013 trade show, held September 16-21, in Hannover, Germany. Forming technologies in particular have been driving business, up 61 percent in the third quarter of 2013 and by 27 percent in the year as a whole, the association says.