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Mechanical engineering NRW: Slump in orders in November

In November 2022, order intake in the mechanical and plant engineering sector in North Rhine-Westphalia was 25 percent below the level of the same month a year earlier. Domestic demand fell by 27 percent and foreign orders decreased by 24 percent. Contributing to this result were the euro zone, down 22 percent, and the non-euro zone, down 25 percent.

In the more meaningful three-month period from September to November 2022, incoming orders decreased by 3 percent year-on-year. Orders from the domestic market decreased by 14 percent, whereas orders from abroad increased by 2 percent. Demand from the European region fell by 11 percent, while orders from non-European countries were 8 percent higher than their year-earlier level.

The challenging environment is having an impact. November is the second consecutive month of declining orders. The comparative month of November 2021 was by far the strongest month for orders last year. Therefore, the significant decline in orders does not come as a surprise, but can be partly explained by the so-called base effect. The three-month figures show that foreign business – particularly non-European countries – is still supporting order intake.

2022-11 Auftragseingang Maschinenbau NRW Basis 2015