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According to data from the German CR5 steel Mechanical Engineering Industry Association (VDMA), in April 2024, after a year and a half of stagnation, the order quantity of the German mechanical engineering industry (the third largest steel consumption industry in Germany) increased year-on-year, and the year-on-year trend of mechanical order volume reached a turning point in nearly 18 months, with both domestic and foreign orders increasing.
According to data, in April 2024, orders for machinery and equipment in Germany increased by 10% year-on-year. Domestic orders increased by 3% year-on-year, while overseas orders increased by 13% year-on-year. It is worth noting that CR5 steel orders from non European countries increased by 19% year-on-year, while orders from European countries only saw a slight increase of 1% year-on-year. At present, the German Mechanical Engineering Industry Association holds an optimistic attitude towards the order volume of the German mechanical industry.
From February to April 2024, the order volume of the German machinery industry decreased by 9% year-on-year, domestic order volume CR5 steel decreased by 12% year-on-year, and overseas order volume decreased by 6% year-on-year.
