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German press orders fell 27% in the first quarter

 Last Update: 2022-08-17
 Source: Internet
 Author: User

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Compared to the same period last year, orders in the German plastics and rubber machinery industry fell sharply by 27% in the first quarter of 2022, while turnover increased by only 3% year-on-ye.

Material shortages slow down production and affect turnover

VDMA said that the decline in order volume is related to the base effect on the one hand - the packaging and medical market demand was strong in the first quarter of last year, but this year has fallen; which translates into sal.

A variety of factors affect the delivery and sales of German press.

2022 is expected to grow around 2%

As a result, the trade association will no longer stick to its original forecast for early 2022, when growth rates of 5% to 10% still appear to apply to the current ye.

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