In total, turnover rose 5% compared to 2013. Driving force behind this positive development were the automotive and mechanical engineering sectors. However, they did not develop in line with each other. While the latter only experienced a growth of 1% last year, Germany's automotive industry produced more cars than in 2013 (+4%). This positive development as well as a high variety of models further pushed the domestic demand for tools and moulds, the VDMA said. It added that the medical and packaging industries are also performing strongly at the moment with a healthy demand for moulds. For the current year, the VDMA expects growth figures in the same ballpark as last year. With a resurging manufacturing industry in the US, it is not surprising that the country is still the number one export market for Germany's tool and mould industry, although exports did not reach the exorbitant 2013 results. VDMA added that production and investment levels remained high, resulting in strong demand for tools. The Czech Republic has for the first time knocked China from the second place. In China, demand decreased and growth of investment slowed.
In Europe, demand for tools made in Germany is positive. Spain, the UK and Hungary provided significant contributions to growth, Poland and France moved only moderately.