Mechanical and plant engineeringGlobal machine sales stagnate in 2015 despite record
According to initial estimates by VDMA economists, global machine sales rose by a nominal 10% to a new record level. Adjusted for currency and price effects, however, global sales stagnated. The figures in detail.
... particularly due to changes in exchange rates: Many currencies appreciated against the euro and therefore distorted the results of the global sales estimate. One example is the appreciation of the US dollar against the euro by almost 20 %. In addition, the Chinese renminbi appreciated by around 17 % against the euro. These exchange rate increases inflated the sales volume of the appreciating countries in euro terms. As a result, the exchange rate alone led to growth rates in most revaluation countries compared to the previous year's level. However, the opposite also occurred: For Russia and Brazil, the decline in sales in euro terms was even more severe, as the respective national currencies depreciated significantly against the common currency in 2015.