German machine tool industry is running well in the first three quarters of 2011

According to the latest data released by the German Machine Tool Association, in the first three quarters of 2011, the total value of German machine tools was 8.97 billion euros, a year-on-year increase of 36%, while the total machine tool output in 2010 was down 3% year-on-year. The total output value of metal processing machine tools was 6.53 billion euros, a year-on-year increase of 39%: the total output value of metal cutting machine tools was 4.73 billion euros, a year-on-year increase of 46%; the metal forming machine tool was 1.8 billion euros, a year-on-year increase of 25%. The total output value of machine tool components was 1.69 billion euros, a year-on-year increase of 31%, and the total output value of assembly maintenance and repair was 750 million euros, an increase of 23%. In the first three quarters of 2011, the German machine tool industry added 12.51 billion euros in new orders, up 74% year-on-year, of which domestic orders were 4.24 billion euros, up 71% year-on-year, and foreign orders were 8.27 billion euros, up 76%. Except for assembly maintenance and repair, in the first three quarters of 2011, the total output value of German machine tools was 8.22 billion euros, an increase of 38%; exports were 5.61 billion euros, up 35% year-on-year, imports were 1.99 billion euros, up 48%; domestic consumption was 4.6 billion euros. It increased by 45% year-on-year. The export rate was 68.2% and the import rate was 43.2%. In 2011, the average annual capacity utilization rate of the German machine tool industry was 93.8%, which was 95.5% in October. The average annual undelivered order ratio was 9.3%, and the October month was 9.5%.

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