Large Industrial Plant Manufacturing set for upturn

Large Industrial Plant Manufacturing set for upturn

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Domestic market: low level of activity
Domestic orders rose by 42 % in 2016, to EUR 3.7 billion (2015: EUR 2.6 billion), thus regaining the level seen in 2014.
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Industrialized countries report growth in orders
In North American business, AGAB group members acquired orders of EUR 1.2 billion, which was 13 % higher than in 2016. As before, the USA remains one of the core markets for German large industrial plant manufacturing.
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High level of new orders from Russia despite sanctions
Despite the drop in demand, Russia was the third-biggest customer for large plant manufacturers in 2016.
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