In 2011, the total output value of the European machine tool industry is expected to increase by 22% year-on-year

At a recent spring meeting of the European Machine Tool Industry Council (CECIMO), Mr. Manuel Barroso, chairman of the European Commission, pointed out in a report that the machine tool industry plays an important role in the entire manufacturing industry. The development of the machine tool industry will restore new economic conditions in Europe. Sustainable growth has a crucial role. He also stressed that the EU International Negotiating Organization is working hard to find more emerging market opportunities for major export industries such as machine tools.

Frank Brinken, chairman of the CECIMO Economic Committee, pointed out that the recovery of the European machine tool industry was mainly due to the growth of overseas orders, especially the Asian market. He said that despite the fierce competition in the Asian market, CECIMO is still trying to open up this market.

Since the strong growth of new orders from the European machine tool industry in 2010, shipments of European machine tools will again increase by 22% in 2011. This will be the strongest rebound in sales of CECIMO's machine tools in recent years. However, this outstanding achievement is still about 20% lower than the industry's highest record in 2008.

At the meeting, the CECIMO Economic Committee made a prediction on the development of the European machine tool industry in 2011:

In 2011, the total value of the European machine tool industry is expected to increase by 22% year-on-year to a total of 20.2 billion Euros;

In 2011, orders for the machine tool industry will increase by 66% over 2010;

The trade surplus in 2011 will reach 9 billion euros, a 25% increase from the 2010 record;

At the same time, the CECIMO Economic Commission also promised that it will adopt a firm trade policy to maintain the status of the European machine tool industry in the international market.

The recovery of the European market is still slow, but driven by strong import and export, CECIMO's trade surplus has reached a record high of 7.1 billion euros. The CECIMO Economic Commission stated that this record will continue to be refreshed, driven by continued growth in exports in 2011, and is expected to reach 9 billion euros this year.