Incoming orders in the German electrical industry are increasing strongly

Digital Fabricator - Dr. Dietrich Müller GmbH

Incoming orders in the German electrical industry are increasing strongly

Strong increase in incoming orders in the German electrical industry

Incoming orders in the German electrical industry increased by 49.1 percent in May 2021 compared to the same month of the previous year.

In May of this year, 34.0 percent more new orders were received from Germany than a year ago. Foreign orders rose almost twice as fast, namely by 62.9 percent. Orders from the euro zone rose by 64.2 percent and those from third countries by 62.2 percent.

In the first five months of 2021 as a whole, orders exceeded the corresponding prior-year figure by 27.9 percent. Domestic and foreign customers ordered 23.7 and 31.3 percent more than in the same period of the previous year. Orders from the euro area rose by 30.2 percent from January to May, and orders from countries outside the common currency area by 31.9 percent.
Real, ie price-adjusted, production in the German electrical industry rose by 22.5 percent in May 2021 compared to the previous year.
Cumulative from January to May 2021, total production in the industry rose by 10.7 percent compared to the same period of the previous year.

Domestic sales in the electrical industry in May 2021 were 15.4 billion euros, 24.0 percent above the previous year’s figure. Domestic sales rose 21.5 percent to € 7.2 billion. Euro. At the same time, foreign sales improved by 26.1 percent to 8.2 billion euros. The business volume with partners from the euro area amounted to 3.0 billion euros (+ 30.7 percent). Sales to non-EU countries amounted to 5.2 billion euros in May (+ 23.4 percent).

In the entire period from January to May of this year, aggregate industry sales rose by 11.3 percent to 79.2 billion euros compared to the previous year. Domestic and international sales grew by 9.6 percent to € 36.7 billion. Euro or 12.7 percent to 42.5 billion Euro. Sales in business with customers in the euro zone amounted to 15.5 billion euros (+ 13.5 percent) in the first five months. Sales to non-EU countries amounted to 27.0 billion euros (+ 12.2 percent).

Business climate and export expectations continue to improve

The business climate in the German electrical industry improved again in June 2021. Export expectations also picked up again in June: the balance of companies expecting higher or lower exports in the next three months climbed by four percentage points to plus 37 points.

Quelle:ZVEI

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