Orders received by the German machine tool industry in the fourth quarter of 2021 were 51 percent up on the previous year’s figure. Orders from Germany rose by 62 percent. Foreign orders were 46 percent higher than in the previous year. In 2021 as a whole, the level of orders received by German manufacturers rose by 58 percent. Domestic orders were 51 percent higher than in the previous year, foreign orders 62 percent.
“This great result reveals how German manufacturers have worked their way out of the Covid crisis,” says Dr Wilfried Schäfer, Executive Director of the VDW (German Machine Tool Builders’ Association), commenting on the result. “Orders are also 11 percent higher than in 2019, the year before Covid,” Schäfer adds.
