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Speaking for European engineering, Orgalime, represents 3 industrial branches (electrical & electronic, mechanical engineering and the metal articles & metalworking) that manufacture over 28% of total EU manufacturing output and has 33 member trade federations in 22 European countries. The industry acounted for some 1,427 billion euro in 2009. The industry not only represents more than one quarter of the output but also a third of the exports of the EU's manufacturing industries.
Economic data during 2009 began to show that we could leave the first stage of the financial crisis behind us. Financial markets began to work more smoothly. Confidence indicators began to improve, high inventories of finished goods were reduced and economic policies, in terms of a sharp reduction of interest rates and heavily underbalanced fiscal budgets, led to a positive impact on activity.
After the summer of 2009 the level of production in Orgalime industries started to pick up. By the end of 2009, volume of production had levelled off and increased by roughly one percent compared with summer 2009.
Where a specific date is not mentioned, the figures included for the detailed analyses are based on the latest complete Eurostat data.
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ORGALIME INDUSTRY
Comparative size of EU manufacturing industries
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TOTAL ORGALIME INDUSTRY
by sectors - 23 (Orgalime) member countries
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ORGALIME electrical & electronic industry
by sectors - 23 member countries
Production
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ORGALIME mechanical engineering industry
by sectors - 23 member countries
Production
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ORGALIME metalworking industry
by sectors - 23 member countries
Production
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Picture Courtesy of Orgalime
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