Trade Resources Industry Views Italian Producers of Wood Processing Machinery Were Confronted by a 9.8% Decline

Italian Producers of Wood Processing Machinery Were Confronted by a 9.8% Decline

According to preliminary estimates announced by Acimall, Italian producers of wood processing machinery were confronted by a 9.8% decline in production value to €1.553bn in 2012. Over the last five years the sector has had to face turnover declines to the amount of 30%. The deterioration last year was not only due to the poor situation on the domestic market where turnover fell by 15% to €358m. Preliminary information also indicates a decline of 8% in the exports to €1.175bn. The decline in imports, however, at -13% to €126m was even more serious. Apparent expenditure in the area of wood processing machinery in Italy therefore fell by 14.5% to €484m. According to Acimall, German as well as Chinese competitors exported fewer machines to Italy than had been the case in 2011.

 

Source: http://www.euwid-wood-products.com/news/miscellaneous/single/Artikel/italy-10-decline-in-machinery-production.html
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Italy: 10% Decline in Machinery Production
Topics: Construction