Uplifting Prospects for Mechanical Engineering Industry?

By far most mechanical engineering organizations are confident that in the medium term they will come back to the nominal sales level of 2019. This is the key message of the most recent VDMA flash overview on the corona pandemic, in which 658 member organizations participated.

80% of individuals hope to accomplish nominal 2019 sales levels again by 2022 latest. About 40% of the organizations with yearly sales of under 250 million euros anticipate that this progression should be accomplished as right on time as 2021. The bigger organizations are to some degree more doubtful in this regard, with just 22% of organizations with yearly sales of 500 million euros or more indicating this confidence.

Order Situation Remains Tense

Then, the order situation in mechanical engineering sector stays tight.

40% of the organizations report observable or serious order losses or cancellations.

Organizations also stay negative about the view toward the demand side for the next three months. As in the previous review toward the end of May, just a decent 20% of those studied expect an easing of the situation on the demand side.

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Over 80% of the organizations are completing broad capacity alterations. Around 66% of organizations are utilizing short-term work.

Short-time work has already proven its value as an instrument of employer stability during the monetary emergency. Therefore, it is no big surprise that many organizations are utilizing short-time work during the corona emergency.