Orders in the Italian machine tool industry increased by 10.5% in the first quarter of 2012

According to the latest statistics released by the Italian Machine Tool, Robot and Automation Manufacturers Union (UCIMU-SISTEM PER PRODURRE), in the first quarter of 2012, the Italian machine tool industry received orders increased by 10.5% year-on-year, with an absolute value of 124.7 (2005 u003d 100 , the same below). This continuous growth trend (excluding the assessment of 2011) shows the Italian machine tool industry's growth for 8 consecutive quarters, indicating that the Italian machine tool industry is gradually improving. Orders from overseas markets increased by 12% year-on-year, with an absolute value of 158.9. Orders from the domestic market only increased by 0.1%, with an absolute value of 69.3. This data shows that the Italian domestic market is recovering slowly, and market demand is still sluggish. Giancarlo Losma, chairman of the Italian Machine Tool, Robot and Automation Manufacturers Union, commented that this situation in the Italian machine tool industry has stagnated investment in industry technology, forcing us to carefully assess the risk of losing competitiveness in the global industrial system. According to China Machine Tool Network (Machine35.com), the stagnation of production plants directly affects the entire manufacturing industry, and will also make 'Made in Italy' products face a heavy blow from overseas competitors. Many competitors are investing more and more in developing more efficient, greener and safer products, which will continue to narrow the gap between them and 'Made in Italy' products.