Solid Forecast for Italian Machine Tool Sector - American Machinist Article
Posted by Machines Italia | 17 Jul 2012
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UCIMU forecasts that exports of Italian machine tools will increase 12.3% to nearly €3.7 billion ($4.5 billion) this year, and that output will increase 4.9% to €5 billion ($6.1 billion.) Domestic shipments are forecast to decline 11.1% to €1.3 billion, however, and Italian machine tool consumption will fall 4.2% to €2.5 billion ($3.07 billion.)
The association raised a similar point of concern earlier this year when it reported strong first-quarter results for 2012.
Italian machine tool exports were the basis of the industry's strong performance in 2011. UCIMU members increased their out-of-country sales 24.7% in 2011 versus 2010, totalling €3.07 billion ($3.8 billion), the second-best annual total in recent memory. The member companies' strongest export markets were China, Germany, and the U.S., and strong increases in consumption for Italian machine tools was noted in Brazil, too.
Exports to the EU were 38% of UCIMU members' total sales, and rose +30.7% in 2011 to total €1.16 billion ($1.42 billion.) Exports of Italian machine tools to North America increased by 77.3%, mostly to the U.S. (+97.3% to €282 million/$346 million.).
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