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CECIMO ECONOMIC & STATISTICAL TOOLBOX

CECIMO - the European grouping of associations for machine tool manufacturers - has published its Economic & Statistical Toolbox covering the 2nd quarter of 2021. The information which broadly goes to the end of the 2nd quarter is spread across 6 themes covering historical data for the sector, demand, investment, business climate, general indicators and, new from this edition, related sectors. This new section currently has data on the European automotive, aerospace and metals industries.

CECIMO reports that following the start of the recovery in the first quarter of 2021, the latest data reflects the continued improvement of the global and European manufacturing industry. Manufacturing production rose again in the second quarter and output growth was supported by solid new orders intake, including improved international trade flows. However, stretched global supply chains have limited output growth, resulting in another significant backlog of orders in factories.

In the 2nd quarter, new orders for the European Machine Tool Industry improved significantly compared to the same period last year but while the quarter-on-quarter trend saw domestic orders increase by +13%, foreign orders fell by -4%. As a result, there was a small fall in total orders (-1%) compared to the 1st period of the year but the latest forecasts of the new orders series suggest that the slowdown in the level of CECIMO8 total orders is expected to be only temporary and further growth is expected in the rest of the year.

The figures for CECIMO production in 2020 have been revised and the new data shows that the production of machine tools in the CECIMO area fell by -26.3% in 2020 to €20.2 billion.

You can get more details and download the report from the CECIMO web-site at https://www.cecimo.eu/news/cecimo-releases-the-economic-and-statistical-... or request it from MTA.