Economics and Statistics Report - 2018

1 June 2018

Twice a year, Orgalime's economists compile and analyse the latest data and forecasts of the engineering industry –specifically analysing economic trends in metal products, mechanical engineering and electrical engineering, electronics, ICT and instruments (mainly chapters 25 to 28 and 32.5 of theNACE rev.2 business nomenclature), as well as the installation and repair services sector (chapter 33 of the NACE rev.2 business nomenclature).

Based on official data available, we estimate that the engineering industry's total turnover value in the European Union reached about €2,076 billion in 2017, while employment grew to over 11 million people.