Order intake in North Rhine-Westphalia’s mechanical and plant engineering sector in December 2022 fell 17 percent short of the previous year’s result. Demand from the domestic market was down 5 percent, and incoming orders from abroad were down 22 percent. The euro area contributed to this result with a minus of 23 percent and the non-euro area with a minus of 22 percent.
In the more meaningful three-month period from October to December 2022, incoming orders decreased by 19 percent year-on-year. Orders from the domestic market fell by 19 percent and from abroad by 18 percent. Demand from the European region missed its year-earlier level by 20 percent and orders from non-European countries by 17 percent.
The annual balance sheet of incoming orders for the mechanical and plant engineering sector in North Rhine-Westphalia shows a small decline of 4 percent in 2022. Domestic demand fell by 7 percent, while foreign business was minus 3 percent compared with the same period last year. Demand from the euro zone fell by 9 percent. The non-euro area was unchanged at /- zero.
The mechanical and plant engineering sector in North Rhine-Westphalia coped well with the effects of the Ukraine war and the challenges posed by impaired supply chains. It was only from October that demand declined significantly, dragging the annual result into negative territory. It can be assumed that the challenging environment will continue to affect the industry in the coming months.