According to the Japanese nsk bearing agents revealed that the European machine tool shipments in 2012 increased by 6% over the previous year, the value increased to # 8364; 2.22 billion yuan. However, the region′s machine tool manufacturers continue to rely heavily on exports for growth, "business confidence" in the European market deteriorated.

      CECIMO the machine tool industry, which also predicts that global demand will drive in the new machine tool orders increased by 15% this year, # 8364 European Association of published information; $ 2.25 billion (or 29.5 one billion U.S. dollars).

      CECIMO machine tool manufacturers, 15 national associations which represents about 1,500 industrial enterprises in the European Union, the European Free Trade Association consortium. (EFTA) and Turkey, and covers more than 97% in Europe and the world more than 33% of the total production of machine tools.

      In 2012, total shipments, exports amounted to # 8364; 18.8 one billion ($ 24.6 bn) in 2012, total shipments of about 85%. This is a machine tool shipments CECIMO record year, compared with 2008 increased by 9%.

      In contrast, the European machine tool consumption in 2012 and the contract about 2% in 2011. CECIMO said: "Europe′s stagnant consumption of European machine tool manufacturers is becoming a worrying trend, although in emerging markets market success they enjoy."

      The group noted that since the economic crisis in 2008-2009, machine tool manufacturers in the region suffered a tightening of credit availability, and access to financial resources are increasingly limited.

      "Economic uncertainty inhibits investment activities of enterprises and at the same time, financial institutions lending criteria apply to exclude small and medium-sized machine tool companies from their portfolios because they are highly cyclical nature of the performance, it states the. "