VDMA
Start to the year with a high order backlog
The mechanical and plant engineering sector was able to fill its order books well last year and is now starting 2022 with a high order backlog.
Machinery and plant manufacturers recorded a real 32% increase in orders for 2021, according to the German Engineering Federation VDMA. After a significant decline in 2020, companies managed to catch up strongly in the second coronavirus year of 2021: domestic orders increased by 18% and foreign orders by 39%. Adjusted for prices, incoming orders exceeded the high level of the economically strong year 2018 by 7%. VDMA economic expert Olaf Wortmann: "As a result, companies have started the current year with an above-average order backlog of 10.9 months. This provides security, even if the existing supply bottlenecks will continue for quite some time and make it more difficult to process orders."
Strong race to catch up in the fourth quarter of 2021
In December 2021, companies picked up the pace again and recorded a 21% increase in orders. "This is particularly pleasing, as the order level in December 2020 was already quite high," explained Wortmann. Domestic orders rose by 15% in the month under review, while orders from abroad increased by 24%. Orders from euro countries were up 15%, while orders from non-euro countries were up 28%.
For the fourth quarter of 2021 as a whole, this resulted in order growth of 21% compared to the previous year. Domestic orders increased by 14%, with 24% more orders coming from abroad. The euro countries increased their orders by 28% in this period, non-euro countries by 23%.
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