Markets Positive trend for the Italian manufacturing industry
Italy - The Italian machine tool, robot and automation manufacturing industry closed 2016 registering plus signs for a good part of the economic indicators in 2016. Production increased to €5,480m, recording a 5% upturn versus the previous year. They expect further growth in 2017.
At the annual year-end press conference of Ucimu Sistemi Per Produrre, the Italian machine tool, robots, automation systems and ancillary products manufacturers' association, Ucimu President Massimo Carboniero illustrated a positive review of 2016. “Great work was carried out by the government authorities. With the Industry 4.0 Plan, they created a concrete programme of industrial policy, capable of ensuring the competitiveness improvement of the Italian manufacturing industry,” he said.
A very positive trend was reported with regard to deliveries by Italian manufacturers in the domestic market, increasing to €2,205m, i.e., 20.5% more compared with the previous year. On the other hand, exports decreased by 3.3%, reaching only €3,275m, due to the weakness experienced in some major destination markets of Italian products. Based on the Istat data processing by Ucimu, in the first nine months of the year (latest available survey), the main destination countries of the "Made in Italy" sector turned out to be Germany with 260m (-1%), the US with 247m (-9.1%), China with 222m (-9.7%), France with 158m (+23.6%), Poland with 90m (+3.5%), Mexico with 76m (+37.1%), Spain with 75m (+8,5%); Turkey with 64m (-4.4%), UK with 58m (-33%), and Russia with 57m (-60%).
According to Ucimu, consumption showed a good trend thanks to a 10.1% increase, totalling €3,685m. It is the third consecutive year of double-digit growth, a testimony to the recovery of the Italian market, which has finally started again to invest in production technologies.
Ucimu's forecast also shows a positive trend for 2017: Production will rise to €5,700m (+4%), thus getting closer to the record-breaking value of €6bn registered in 2008.
Exports, expected to grow by 1.7%, will attain €3,330m. The positive trend of consumption will also go on: it should rise by 6.9 % to €3,940m, driving the deliveries of manufacturers, which should reach €2,370m (+7.5%), as well as imports, expected to amount to €1,570m (+6.1%). Massimo Carboniero commented: “2016 was positive for the Italian machine tool industry, which contributes to the national GDP almost €8bn considering, besides the production of machine tools, also the production of parts, tools and numerical controls not included in the total Italian machine tools”.
He continued that with production and consumption on the rise, Italy is becoming more interesting on the international stage, not only for the expertise shown by the Italian industries of the sector, but also for its lively demand, which is again flourishing thanks to useful provisions, such as the New Sabatini Law and the Super-Depreciation.