EMO will drive machine tool orders in Europe in the third quarter

In the second quarter of 2013, the machine tool orders of the 15 member countries of the European Machine Tool Industry Association continued to decline for two consecutive years. The orders in the second quarter decreased by 5% compared with the first quarter, and the order index was 113. Among them, domestic orders fell by 3.4%, and foreign orders fell by 7.9%. Although foreign orders have dropped sharply since the first quarter, the foreign market has huge potential, while the domestic market is still below the level of 2005. Driven by EMO at the Hannover Machine Tool Show in 2013, it is expected that orders for European machine tools will begin to increase in the third quarter. In August 2013, the MT-IX index increased by 3 points or 1.8% from the previous month, reaching 174 points. The market value of machine tool manufacturers in the United States, Taiwan, and the United Kingdom declined, and the capital markets of other companies performed differently, but gradually showed signs of an improvement in the global economy and accelerated growth in the future. The MT-IX index is based on the market value of 23 leading and listed machine tool manufacturers in the world. The market value of these companies is weighted according to the proportion of machine tool turnover in total revenue. The calculated total market value can also evaluate the global market value of European companies. Share of total output (2005u003d100).