Total engineering turnover for the three months to June 2001 decreased by 7·2% compared to the previous three months, due to a decrease of 9·5% in export turnover and 5·3% in home turnover. Comparing the figures to last year sees a decrease of 3·5%.
The Office of National Statistics revealed which areas of engineering are being hit the hardest with machinery and equipment engineering seeing a decrease of 4·0% over the three months, as the sector bore the brunt of a 7% downturn in export.
The electrical and optical equipment industries saw a massive 8·4% decrease in turnover for the period as a result of a 10·4% export and 6·7% home turnover fall. Orders were also 5·9% lower than the last three months and export orders were down 10·2% in total compared to last year.
A more in-depth analysis of the current state of the air-conditioning market is available in our new regular feature Market Watch on page16.
Source
Building Sustainable Design