Date: 2016-08-12

EU Machine Tool Output Stable Amid Declining Exports

The European machine tool industry reports its members’ output will increase slightly (0.4%) in final figures for 2014, rising to 22.8 billion euros ($28 billion) for the year. That figure is provided by CECIMO, the union of trade associations for over 1,500 companies across the European Union, and representing 97% of machine tool production in the region. They also comprise over 33% of the world’s machine tool production capacity.

CECIMO is the same group that last month reiterated standing concern about European industries’ insufficient levels of investment in new production equipment and technology. With the new figures, the group now reports that European machine tool production has stabilized, that purchases of European-produced machine tools within the region will rise 7% to

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