The CECIMO Barometer Survey draws on responses from about 160 European machine tool manufacturers, mostly based on existing surveys in their member associations. The latest results show that although still negative at -29, the Business Climate indicator was significantly better than in the three previous surveys. A further improvement, albeit still negative, is expected for the 2nd quarter.
In an apparent contrast, the measure of capacity utilisation fell 78% – this is its lowest level since the 1st quarter of 2024 (although that increasingly looks like an outlier result). However, this is more related to output while the business climate is driven more by orders, so we would expect capacity utilisation to lag the cycle.
The CECIMO Barometer Report also makes comparisons with the European Commission’s Business survey – see the separate report this week – with the 3rd part drawing on various surveys from outside of Europe (including the USA and China) to create a global picture.
The report is only available to Members; if you would like a copy, please contact Geoff Noon at MTA (email: [email protected]).