In November 2023, demand for machinery and equipment from North Rhine-Westphalia was down 19% year-on-year in real terms.
In November 2023, demand for machinery and equipment from North Rhine-Westphalia was down 19% year-on-year in real terms. There were 18% fewer orders from Germany and 19% fewer from abroad. The non-eurozone contributed to this foreign result with a drop of 20% and the eurozone with a drop of 18%.
In the less volatile three-month period from September to November 2023, incoming orders fell by 28% compared to the previous year. Demand from Germany fell by 18% and from abroad by 33%. Orders from the eurozone were down 7% on the previous year and 40% from the non-eurozone.
The November figures reflect the ongoing economic, domestic political and geopolitical conditions for local mechanical engineering companies and their customers.