The German machine tool manufacturing industry continues to boom well into 2008. In the first quarter of the year, orders rose by 19 per cent compared to the corresponding period last year.
Domestic orders moved upwards by 16 per cent, while the rise in orders from abroad amounted to 22 per cent.
“Orders continued to rise steadily in the first three months of the year, with the figure for March a whole 23 per cent,” explained Dr. Wilfried Schäfer, Executive Director of the German Machine Tool Builders’ Association (VDW). “And there is no basis-effect distortion in that figure, so that these are to be interpreted as especially positive statistics.”
Italian machine tool orders up
In the first quarter of 2008, the index for Italian machine tools orders, as recorded by the Italian UCIMU-SISTEMI PER PRODURRE, has registered an increase of 0.3% over the same period in 2007.
UCIMI say that the absolute index value has, therefore, reached a record of 123.2. and has never been higher during the period January to March.
The increase is due to orders received from the domestic market, 6.2% higher than in the same period of 2007
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