Economics and Statistics Report - 2014

1 June 2014

Orgalime's economists compile and analyse their latest data and forecasts for the engineering industry twice a year. We analyse first and foremost the economic trends for metal products, mechanical engineering, electrical engineering, electronics and ICT and instruments (mainly chapters 25 to 28 of the NACE rev.2 business nomenclature).

Based on official data available, we estimate that the engineering industry's turnover value in the European Union reached almost €1,800 billion in 2013. The number of employees stood at some 10.3 million people. The engineering industry counts for some 28% of the turnover and a third of the exports of the EU manufacturing industries.