For the first time since spring 2020
Dampener on orders in the industry
For the first time in 2.5 years, the order backlog in German industry has suffered a significant setback. According to the Federal Statistical Office, the order backlog in the manufacturing sector fell by 0.9% in September, adjusted for calendar and seasonal effects.
"This means that the order backlog has fallen significantly again for the first time after rising almost continuously by a total of 37.6% between May 2020 and August 2022," the report states.
According to the Federal Office, industrial companies, as part of the manufacturing sector, landed 4.0% fewer new orders in September than in the previous month. Incoming orders were impacted by the consequences of the war in Ukraine and the energy crisis, among other things. Previously, strong demand for industrial products coupled with disrupted supply chains meant that companies were unable to process all of their orders and outstanding orders continued to pile up.
"This trend has been interrupted for the time being", the Federal Office stated. In September, nominal incoming orders were lower than companies' turnover for the first time since May 2020. This means that more orders were processed than new ones were added.
Despite the dip, however, the order backlog is "still at an extremely high level", said expert Nils Jannsen from the Kiel Institute for the World Economy (IfW). According to him, German industry still has a good cushion of orders, meaning that declines in incoming orders will not fully impact industrial production for the time being. "The high order backlog remains an important pillar for the German economy in the tough global economic environment," explained Jannsen.
You might also be interested in
Interview with Judith Herzog-Kuballa VDMA
Sustainability must be part of the core business strategy
In order to survive on the market, companies need to focus on sustainability. Judith Herzog-Kuballa from the VDMA explains why sustainability is not a project that an employee "does on the side".
read more...Statement by Thilo Brodtmann, VDMA
"Nuclear power plant compromise only helps if other measures also work"
Extending the operating life of nuclear power plants is not enough, says VDMA Managing Director Thilo Brodtmann. He is calling for further measures.
read more...Incoming orders stagnate in August
The economic consequences of the war in Ukraine are dampening the business of machinery and plant manufacturers in Germany. Adjusted for price increases (in real terms), incoming orders stagnated in August compared to the same month last year,...
read more...VDMA calls for electricity price cap
According to VDMA President Karl Haeusgen, medium-sized mechanical engineering companies are facing "incalculable risks outside their core business" as a result of exploding energy prices. He is calling for a temporary electricity price cap.
read more...Space-saving rotor position encoder for confined installation situations
For applications where the installation space in electric drives is extremely limited, Lenord+Bauer offers an inductive rotor position sensor for detecting pole position, angle and speed with extremely small dimensions.
read more...Bearingless, flexibly configurable encoder
Baumer is opening up new possibilities in drive technology with its 'LowHarmonics' encoder technology. The first product with this signal processing is the compact incremental magnetic ring encoder 'EB260'.
read more...Encoder offers multiturn absolute value position
Kollmorgen launches the 'SFD-M' (Smart Feedback Device, Multi-Turn). It provides machine builders with high-resolution multi-turn feedback with absolute position information that is available at system startup.
read more...VDMA large-scale plant engineering
New board elected
The VDMA Large Industrial Plant Manufacturers' Association (AGAB) has a new Executive Board. Jürgen Nowicki, CEO Linde Engineering, was re-elected as Chairman at the members' meeting on September 30 in Darmstadt. He has held this honorary position...
read more...Changes to the Executive Board
At its meeting on September 26, Schaeffler's Supervisory Board made two appointments to the Executive Board. There is also another change in the Executive Board. As a result, the Executive Board will consist of nine members from October 1, 2024...
read more...