Stable growth depends on supportive policies

Orgalime estimates that the engineering industry’s turnover in the European Union should reach in nominal terms some €1800 billion in 2013, slightly lower than in 2012. The year 2013 started off poorly, with the European engineering industry continuing to contract, as in the fourth quarter of 2012.

Despite the improvement of confidence indicators in 2013, the European engineering industry did not manage to achieve growth. For the second year running, our industry showed a slight contraction in turnover of approximately 1.8%.

Consequently, employment too decreased by 1.1%, not repeating the growth that had been seen the previous year. Nevertheless, this is smaller than the decrease in production and can be partly attributed to the necessity to keep up with the internationally determined productivity growth and to the scarcity of skilled personnel. In 2014 employment is expected to stabilise.

Published
16 May, 2014
Category
Press release
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