German machinery and equipment orders fell 6% in January 2012

According to data from the German Federation of Machinery and Equipment Manufacturers, in January 2012, orders for machinery and equipment manufacturing in Germany fell by 6%, of which foreign orders fell by 4% and domestic orders fell by 9%. Orff Wessels, chief economist of the German Federation of Machinery and Equipment Manufacturers, said that it is not surprising that the decline has occurred because the base figure for 2011 was high and it was thought that this meant the order was being built.

From the situation in March, from November 2011 to January 2012, orders fell by 9% year-on-year, domestic orders fell by 4%, and foreign orders fell by 12%.

Wessels expects orders to decline slightly in the first half of 2012 and will increase in the second half of the year. The growth rate will be zero to 4% for the whole year. It does not rule out negative growth in the next few months.

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