Economics & Statistics Report - 2011

1 June 2011

Orgalime's economists compile and analyse their latest data and forecasts for the engineering industry twice a year. Economic trends for metal products, mechanical engineering, electrical engineering, electronics and ICT and instruments which are mainly in chapters 25 to 28 of the NACE rev 2 nomenclature are analysed and commented upon. Figures for repair and installation services (Chapter 33) which are also provided by the industry are included in the totals. The engineering industry's value of production in EU 27 was estimated to have reached some €1400 billion in 2009 and the number employed stood at about 10.2 million people. The engineering industry, which Orgalime represents as a whole at the level of the EU, represents some 28% of the output and a third of the exports of the EU 's manufacturing industries. Total trade (intra + extra trade) of the Orgalime industry reached €981 billion in 2009.