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Disappointing first half of 2024

Domestic demand recorded a drop of 9%. Orders from abroad were down 17%. The eurozone contributed to this result with a plus of 10% and the non-eurozone with a minus of 29%.

In the more significant three-month period from April to June 2024, orders fell by 18% compared to the previous year. Domestic orders fell by 40%. Orders from abroad fell by 3%. Demand from the European region increased by 1% compared to the same period last year, while incoming orders from non-European countries were 5% lower.

A look at the first half of 2024 shows that incoming orders fell by 11% compared to the previous year. Domestic orders fell by 29%. Orders from abroad remained unchanged at the previous year’s level, with orders from other European countries falling by 6% and those from outside Europe increasing by 3%.

The first half of 2024 ended on a disappointing note for the industry. While orders from abroad remained stable at the previous year’s level, we are concerned about domestic demand. The weak domestic business shows the high level of uncertainty among companies and is therefore the reason for the reluctance to invest. Only the next few months will show whether the growth initiative adopted by the Federal Cabinet will have an effect here.