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Metal processing trades can hope for recovery

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  • Hans-Dieter Karl

Abstract

The metal processing trades are among the large sectors of the German craft industries; it includes metal producers and precision engineering as well as metal and bell founders. Since metal producers largely supply the construction industry, it is largely dependent on developments in the building sector. Because of the long recession in construction, the situation of this industry has deteriorated strongly and the number of businesses has declined. A more favourable development has been experienced in recent years by precision engineering, which is primarily a supplier for larger industrial processors. Nevertheless, the number of businesses has decreased here as well. With the expected stabilisation in the construction industry and the impending recovery in industrial production, the metal processing trades can expect turnover to increase by 1% in 2004 with further recovery in 2005.

Suggested Citation

  • Hans-Dieter Karl, 2004. "Metal processing trades can hope for recovery," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 57(10), pages 18-26, May.
  • Handle: RePEc:ces:ifosdt:v:57:y:2004:i:10:p:18-26
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    References listed on IDEAS

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    1. Arbeitsgemeinschaft deutscher wirtschaftswissenschaftlicher Forschungsinstitute, 2004. "The State of the World Economy and the German Economy in Spring 2004," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 57(08), pages 03-46, April.
    2. Unknown, 2004. "Die Lage der Weltwirtschaft und der deutschen Wirtschaft im Fruhjahr 2004," Report Series 26111, Hamburg Institute of International Economics.
    3. Arbeitsgemeinschaft deutscher wirtschaftswissenschaftlicher Forschungsinstitute, 2004. "Die Lage der Weltwirtschaft und der deutschen Wirtschaft im Herbst 2004," HWWA Reports 248, Hamburg Institute of International Economics (HWWA).
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    More about this item

    JEL classification:

    • L61 - Industrial Organization - - Industry Studies: Manufacturing - - - Metals and Metal Products; Cement; Glass; Ceramics
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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