Economics & Statistics Report - 2016
1 June 2016
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 as well as chapter 33 (installation and repair services) where reported by the industry. The latter, which is growing, is included in the total figures for the industry.
Based on official data available, we estimate that the engineering industry's total turnover value in the European Union reached more than €1900 billion in 2015. The number of employees stood at almost 10.9 million people.