Italian Glass Machinery State of the Industry Report: 2012 Looks “Clear” For Positive Growth!
Posted by Machines Italia | 30 Mar 2012
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If we can believe the numbers, as would usually be the case, for Italy's machine producing industry, the year 2011 ended on a rather pleasant note. It's true that the beating we all took in 2008/2009 has taken a long time to heal, but growth over the last two year is turning out to be much more than a flash in the pan. Overall production rose by 13.2% in 2010 over 2009, and another 12.2% in 2011. As we know, most of the credit goes to exports, which shot up by 15.8% in 2010 and 16.4% in 2011, while domestic consumption, even though it posted a promising +8% in 2010, slowed to a trickle last year, for a more modest 3.5% gain. It's true, however, that the recovery of pre-2009 positions is relentlessly moving ahead.
Although we are still waiting for substantiation from official data, the situation in the glass industry bears a convincing resemblance, one that can be conveniently surmised by taking into account indications derived directly from the market -- from the companies that make up the industry -- and in our case, that means Gimav members.
The first consideration to keep in mind is that the domestic market, and by this we mean not only the Italian market but also that of the Euro zone, seems to be at a standstill, paralyzed by a financial crisis that has only shown signs in the first few months of 2012 that it might be slacking off.
On the other hand, the international markets are humming, even though, obviously, there are differences between the various economies.
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