The association which represents German machinery and plant manufacturers, the VDMA, has raised its forecast for production for 2011 from an expected rise of 10% to one of 14%.
This means that the total production value of the German machinery industry could reach €188bn by the end of this year.
The previous year, 2010, closed with an increase of 9.2% to €163bn, compared with a sharp fall during 2009, to €151bn.
Taking machinery and plant building together, the association expects turnover to reach €199bn in 2011, up from €173.4bn last year.
Meanwhile, the VDMA’s forecast for 2012 is also optimistic, with another increase of 5% anticipated, taking turnover to €209bn.
Exports for 2011 are put at 77.1% for this year.
Order books at the end of June ranged from an average of 5.8 to 10 months’ production, or more in some sectors.
