German and Japanese machine tool orders increased significantly in the first half of 2011
2024-09-05 10:02:15
Germany's machine tool orders doubled in the first half of 2011 According to the latest statistics released by the German Machine Tool Manufacturers Association (VDW), orders for the German machine tool industry increased by 83% in the second quarter alone, with domestic market orders increasing by 72% and overseas market orders increasing by 88%. From January to June 2011, orders received by the German machine tool industry increased by 103% compared to the same period last year. Orders from the domestic market increased by 96% year-on-year, while orders from overseas markets increased by 107%. The total order volume increased by 8% compared to the same period in 2008. Gerhard Hein, head of the economics and statistics department of the German Machine Tool Manufacturers Association, said that the continued growth in demand for machine tools has made the German machine tool industry perform quite well in the first half of 2011. At the same time, he also said that this growth rate is based on the development of the German machine tool industry in 2010. The continuous growth of orders in the machine tool industry has also kept the productivity factor of the machine tool department at a high level. The utilization rate in July this year reached 94.7%, much higher than the 76.3% in the same period last year. At present, the backlog of orders in the German machine tool industry has reached 9.7 months, the highest level in recent years. Japan’s machine tool orders increased by over 50% in the first half of 2011
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