After the mechanical engineering sector in Rhineland-Palatinate had been generating sales growth for six years, the mechanical engineering sector in Rhineland-Palatinate did not make a good start to the year in the first quarter of 2019. The decline in sales of 7.2 percent overall is mainly due to the sharp 11.2 % decline in the particularly important foreign sales to other countries.
Domestic sales and foreign sales with the euro zone increased in all three months of the first quarter of 2019, resulting in growth of 8.5 % for the domestic market and 6.3 % for the euro zone. Total sales thus rose by 1.5 % compared with the first quarter of 2018.
The mechanical engineering companies in Hesse had to accept a 4.0 percent decline in sales in 2018. The main reason for this was the 8.3 percent decline in foreign sales, which increased only in October 2018. Above all, sales to other foreign countries fell significantly by 12.6 percent.
With 4.9 percent sales growth, mechanical engineering in Rhineland-Palatinate had a good year in 2018. The remarkable thing about this is that both domestic and foreign sales have increased at almost the same rate.
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