Economic Outlook 2007/2008: European engineering industry continues to ride the wave – Employment up by 250,000

Date

27 May 2008

Sections

Innovation & Enterprise
Euro & Finance
Competition
Social Europe & Jobs

Press release

Following the upbeat performance of 2007 by Orgalime’s industries with the volume of production rising some 5.8 percent in the EU27, early official data sees the trend continuing during the early months of 2008. “This is again a strong figure” said Orgalime Secretary General, Adrian Harris “Overall, order books are filled above average, confidence is rather high, employment is up by some 250 000 and investment plans are still positive. This means that 2008 has started off well for our industry, the largest manufacturing sector in Europe.”