Italian Glass Machinery State of the Industry Report: 2012 Looks "Clear" For Positive Growth!
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