Machine tool manufacturing will still grow in 2012

"We expect that the production of the German machine tool and equipment manufacturing industry will continue to grow in 2012, and will even increase by 4%," said Dr. Thomas Lindner, president of the VDMA Association, at the Frankfurt Association Press Conference. “According to normal conditions and without considering price increase factors, we expect to reach approximately 197 billion euros, which may even slightly exceed the best level of 196 billion euros in 2008. However, the order status is still relatively urgent.”

Basically, the growth rate of machine tool manufacturing in 2012 is expected to decline month by month. Countries in Asia and South America must have started to restrict loans to avoid overheating. In addition, chaos in the financial market has not been completely eliminated. "This will still affect the acquisition of orders on the time difference."