European Machinery Industry Association expects 2013 industry output value reached 22.5 billion euro
European Machine Tool Industry Association recently released 2013 report to assess the situation in Brussels, we expect the European machine tool manufacturing output was essentially flat with last year, amounting to 22.5 billion euros. At the same time, by the European machine tool market, the impact of weak demand, the European machine tool industry this year dependent on exports. According to the assessment report data, in 2012, the European machine tool industry output value of 22.2 billion euros, an increase of 6%, exports reached a record 18.8 billion euros. European Machine Tool Industry Association stressed that the European machine tool has a clear competitive advantage in the international market, export around the world, in 2012 the trade surplus 10.5 billion euros. At the same time, reduce the impact of business confidence by Europe, the European machine tool demand down 2% from last year. European Machine Tool Industry Association pointed out that since the financial crisis in 2008, the European machine tool industry by the credit crunch, financing is increasingly constrained problems, economic uncertainty hurt business investment enthusiasm. At the same time, financial institutions and strict credit standards so that SMEs can not finance. Two factors lead to insufficient domestic demand, the European machine tool market, has seriously hampered the development of the European machine tool industry. The association said that although the European machine tool to be successful in emerging markets, but the decline in demand in Europe is worrying. In 2012, some of the southern European countries of machine tool manufacturers produce 100% dependent on exports, excessive dependence on exports severely squeezed corporate profit margins, affect their ability to innovate. President of the European Association of Machine Tool Industry • Martin Karp believes that the recovery of domestic demand growth will be crucial to the future of the European machine tool industry innovation. European machine tool industry association of machine tool manufacturers associations in 15 countries, representing the European region and Turkey nearly 1,500 manufacturing companies, of which 80% are SMEs, accounting for 97 percent of the region's machine tool manufacturing capacity, also accounting for the global machine tool manufacturing capacity third.