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Italian Machinery Manufacturers Increase Exports in 1st Qtr 2011

According to Italy's federation of Italian machinery manufacturers' associations, Federmacchine, based on data from Italy's census bureau, ISTAT, exports of Italian machinery to Germany rose by 41.5% year-on-year in the first quarter of 2011, reaching a value of EUR 415mn (USD 587.82mn). Exports to markets outside of the EU, were noted as follows: 32.8% for the US, 62.5% for Brazil, 92% for Turkey, and 162% for South Korea, while Chinese imports of Italian machinery rose by over 36% to almost EUR 387mn. In 2010, exports accounted for 67% of the turnover, with peaks of 78% for footwear and leathergoods machinery and 88% for packaging machinery with overall production having risen by 13.3% over 2010.