The German Machine Tool Builders Assn. expects production volumes to decrease in 2024, as weak demand continues and the backlog of new orders declines.
Producers in Germany, one of the world’s largest sources of machine tools, expect no rebound in new order volumes, even though inflation is receding and cost pressures are easing.
Germany The German Machine Tool Builder's Association presents the figures relating to order intake in two divisions of the German mechanical engineering industry, shedding light on developments in the first quarter of 2022.