Economics & Statistics Report - 2017
1 June 2017
Orgalime’s economists compile and analyse the latest data and forecasts of the engineering industry twice a year. We specifically analyse the economic trends of metal products, mechanical engineering and electrical engineering, electronics, ICT & instruments (mainly chapters 25 to 28 and 32.5 of the NACE rev.2 business nomenclature), as well as the sector ‘Installation and repair services’ (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 €1,977 billion in 2015, of which €170 billion is attributable to installation and repair services. The employment in the engineering industry was equal to 10.97 million people, of whom 1.30 million were working in installation and repair services.