In September 2022, order intake in North Rhine-Westphalia’s mechanical and plant engineering sector was 30 percent higher than in the same month a year earlier.
In September 2022, new orders in North Rhine-Westphalia’s mechanical and plant engineering sector were 30 percent higher than in the same month a year earlier. Domestic demand rose by 13 percent and foreign orders increased by 38 percent. The euro zone contributed plus 5 percent and the non-euro zone plus 49 percent to this result.
In the three-month period from July to September 2022, incoming orders increased by 6 percent year-on-year. Orders from the domestic market decreased by 6 percent, whereas orders from abroad increased by 12 percent. Demand from the European region fell by 4 percent, while orders received from non-European countries were 18 percent higher than their year-earlier level.
For the first nine months of 2022, North Rhine-Westphalia’s machinery and plant manufacturers recorded a year-on-year increase in incoming orders of 1 percent. Orders from Germany were down 3 percent, while orders from abroad were up 3 percent. The non-euro countries were up 6 percent in this period and the euro countries down 5 percent.
The surprisingly positive September result is mainly fed by orders from non-European countries. However, a look at developments in the first nine months puts this result into perspective. Economic burdens remain very high, so it cannot be assumed that September will mark a turnaround.