Electrical industry

News aus der Elektroindustrie

In February orders surpassed last year’s level by 5.8%, as announced by the ZVEI in Frankfurt.

In February orders surpassed last year’s level by 5.8%, as announced by the ZVEI in Frankfurt.

At the beginning of the year incoming orders had fallen slightly again by 0.3%. German goods were most in demand by customers in the Eurozone, where orders were 14.3% higher than last year, whereas orders from third countries fell by 0.5%. On the home market there was a plus of 7.2%.

The turnover of the German electrical companies rose by 5.3% in February 2016 to EUR 14.4 bn.

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According to the ZVEI the turnovers of electrical companies in May 2015 fell 0.9% below last year’s figures at EUR 13.4 bn.

According to the ZVEI the turnovers of electrical companies in May 2015 fell 0.9% below last year’s figures at EUR 13.4 bn.

While domestic turnover went down by 6.7% to EUR 6.4 bn, foreign turnover rose by 4.6% compared with last year to EUR 7 bn.

Revenues from customers from the euro zone grew to EUR 2.5 bn  (+3.2%), and those with business partners from third countries to EUR 4.5 bn (+5.5%).

The business climate in the German electrical industry deteriorated somewhat in June of this year, with expectations for the coming 6 months having dropped off more in comparison with the assessment of the current situation.

35% of companies in the industry assess their current situation as good, 55% as stable and 10% as bad. At the same time 26% of the electrical firms assume that in the next 6 months business will improve, 67% that it will remain the same and 7% that it will decline.

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After two weaker months at the beginning of the year orders leapt up in March, as the German press agency reports.

After two weaker months at the beginning of the year orders leapt up in March, as the German press agency reports.

The industry also enjoyed an increase in turnover and production in the first quarter. Domestic orders went up by 22.1% and foreign orders rose by 14.0%.

In contrast to January and February the electrical companies’ production adjusted for price effects increased noticeably in March of this year, rising by 6.6% in comparison with last year. From January to March 2015 it exceeded the corresponding figure for last year by 2.2%.

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According to the ZVEI the exports of the industry climbed by 4.9% last year to EUR 165.5 bn, exceeding the existing all time high of EUR 159.9 bn from 2012.

According to the ZVEI the exports of the industry climbed by 4.9% last year to EUR 165.5 bn, exceeding the existing all time high of EUR 159.9 bn from 2012.

In December 2014 alone exports grew by 15.4% against the prior year to EUR 13.7 bn, the highest figure ever achieved for December.

It is China that the electrical industry has to thank especially for its export record, with exports to this country rising by 16.1% in 2014 to EUR 14.9 bn, making the People’s Republic the largest customer for German electrical exports for the first time. Furthermore, an absolute growth of EUR 2.1 bn made the absolute contribution of the Chinese business the largest to the electrical industry’s absolute export growth last year.

Russia dropped out of the top ten with a 22.4% decline in exports to EUR 4.2 bn. Additionally, the Russian business, which turned out EUR 1.2 bn lower than in 2013, was the greatest mathematical encumbrance to the industry’s export growth last year.

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