This growth trend has replaced a five-year stagnation phase. If this stagnation phase is taken into account, production of machinery industry has been growing by 0.8% per year since 2012.
The new Quest Economic Report uses Bollinger Bands for the first time, a statistical gauge of the fluctuation range of variables that is widespread in the financial world. The Bollinger Bands encloses 67% of all deviations of the values from the average of the last 12 months. Thus they make it possible to see at a glance whether the deviation of the current value from the average of the last 12 months have reached a stage that signals an economic boom or a crisis.
The current value of the production index is just 5 index points below the one-year average and at the same time far from the lower band. It is therefore a completely normal deviation without any indication of an extreme situation.
Sales in the German mechanical engineering sector are also in a growth trend that began in November 2014. In August 2018, it stood at 3.2% p.a. almost at the same level as production growth. With 109.9 index points, the growth trend in sales also marks the highest value since the outbreak of the global economic crisis.
The current sales index is 105.4 and is just 5 index points below the one-year average. As with production, this deviation is "business as usual" without any indication of an extreme situation.
The report about production and sales in German mechanical engineering is available on https://www.quest-trendmagazine.com/en/machinery-industry/production-and-sales/production-and-sales-of-machinery-industry.html
Another report quantifies by means of the Bollinger Bands the increasing fluctuation ranges of production and sales since the world economic crisis. The link to this report is https://www.quest-trendmagazine.com/en/machinery-industry/production-and-sales/production-and-sales-of-machinery-industry-since-2000.html
The Quest Trend Magazine analyses the growth expectations to 2020 of machine-builders, the worldwide export markets of machinery industry, the majority of its automation-relevant sectors and many aspects of its automation technology at the machines.
Quest Trend Magazine publishes trends in automation from the users’s point of view mainly in machinery industry, automotive and F&B industry. The economic backdrop of these trends are highlighted as well.
The trends are based on market surveys by Quest TechnoMarketing, Bochum, London, specialized in market surveys and marketing for the automation technology for more than 20 years and the publisher of the Quest Trend Magazine in English and German language.
The economic backdrop is analyzed by Quest Research, a department of Quest TechnoMarketing.
Quest Trend Magazine
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Telefon: +49 (234) 34777
Fax: +49 (234) 332202