Order intake in February 2019 was down 15 percent. There was a change in domestic demand of -4 percent. International business was down 19 percent on the prior-year level. Orders from the euro zone fell by 32 percent, incoming orders from the non-euro zone by 14 percent.
The turnover of the North Rhine-Westphalian mechanical and plant engineering industry last year reached 44.4 billion euros, exceeding the expectations of the VDMA NRW. Sales were 1.8 billion euros higher than in the previous year. For 2019, the association is forecasting nominal sales growth of 1 percent.
The Executive Board of the VDMA Regional Association NRW is elected by the member companies of the region. It defines the focal points of the office's work and represents mechanical engineering in North Rhine-Westphalia vis-à-vis the media, politics and the public.
VDMA is the largest industrial association in Europe. VDMA is insider of the industry, consultant, lobbyist, facilitator and platform for communication exchange between its members. VDMA aligns its activities to the needs of the industry and to the matters of its members. It strives for a continuous communication exchange aiming at offering a comprehensive variety of services and information.
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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