The corona pandemic is causing great reluctance to invest in mechanical and plant engineering. Production is also suffering as a result in the second half of the year. For 2021, the VDMA expects a small production increase of 2 percent.
The many economic burdens have led to a reduction of 32,000 jobs in the mechanical engineering industry in the first half of the year. An extension of the short-time working allowance would be the right way forward.
The corona pandemic reached the mechanical engineering industry at the end of the first quarter: in March 2020, order intake fell short of the previous year's level by 9 percent in real terms. Domestic orders fell by 2 percent. The decline in foreign orders was more pronounced at 12 percent.
In February, incoming orders in the German mechanical engineering sector fell short of the previous year's level by 4 percent in real terms. While orders from domestic customers fell by 6 percent, orders from abroad were 3 percent below their prior-year level.
This month we are updating our privacy statement to better understand what information we collect and why. We have also taken steps to improve our features to protect your information and privacy.
There is no change to your current settings or how your data is processed. We have merely improved the explanation of our procedures and explain to you in more detail what options you have to update, manage and delete your data.
We take the protection of your personal data and their confidential treatment very seriously.
General information about the scope of processing of your personal data and about your data protection rights can be found at www.vdma.org/datenschutz.
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