Economics & Statistics Report - 2012
1 June 2012
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.
Based on official data available up to the end of March 2012 we estimate the engineering industry's value of production in EU27 to have reached some €1,545 billion in 2010. The number employed stood at about 10.2 million people, of which some 1.2 million were in repair and installation services. The engineering industry, which Orgalime represents as a whole at the level of the EU, counts for some 28% of the output and a third of the exports of the EU manufacturing industries. Total trade (intra + extra trade) of the Orgalime industry increased from €981 billion in 2009 to €1,150 billion in 2010.