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The consumption level of European machine tools will drop to before the European debt crisis
by：Gewinn
2022-05-02
At present, the weakness in the euro area is mainly reflected in sluggish consumption and low levels of investment activity. According to the forecast of the European Machine Tool Industry Association, in the next two years, the consumption level of European machine tools will drop to 75% of the level before the European debt crisis, with great differences in different countries. The southern European machine tool producing countries will lose a large proportion of consumers, and the reduction of local investment activities will not only put pressure on European machine tool manufacturers, but also affect the mutually beneficial cooperation between machine tool manufacturers and consumers in innovation. At the same time, Europe will lose the innovation synergies that have created profits for decades, while manufacturing Ru0026D from such innovations previously accounted for 80% of private innovation spending.
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