Machine tool manufacturing will continue to grow in 2012

Summary "We expect German machine tool and equipment manufacturing to continue to grow in 2012 and even grow by 4%." Dr. Thomas Lindner, president of the VDMA Association, said at the Frankfurt Association press conference...

“We expect German machine tool and equipment manufacturing to continue to grow in 2012 and even grow by 4%,” said Dr. Thomas Lindner, president of the VDMA Association, at a press conference in Frankfurt. "According to normal conditions and regardless of price increases, we expect to reach about 197 billion euros, which can even slightly exceed the best level of 196 billion euros in 2008. But the order situation is still relatively urgent."

The growth rate of the machine tool manufacturing industry in 2012 is expected to decline month by month. Countries in Asia and South America have certainly begun to implement loan restrictions to avoid overheating. In addition, the chaos in the financial market has not been completely eliminated. “This will still affect the acquisition of orders in terms of time difference.”

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