European stabilization and recovery tools

It is understood that the European Machine Tool Industry Association (CECIMO) released the latest index, the basic stability of the EU machine tool industry, the economic situation has been gradually improving. Enterprise Handheld orders grew slightly, to 60% of the enterprises that demand is stable, 27% of companies expect an increase in orders. 42% of companies believe that improving export potential, most companies still spare capacity. 

October 2013 the MT-IX index decreased 1 point, reaching 196 points. The market value of machine tool manufacturers in Japan and South Korea fell, the U.S., China Taiwan and the EU capital market companies performed better, although European companies that the crisis is not over, but demand will not decline much, business investment in new capacity concerns, only to growth potential in the field of investment. MT-IX with 23 leading index, the market capitalization of companies listed on the world's machine tool production, based on the market value of these enterprises in accordance with the proportion of total revenue weighted turnover machine, thus accounting of the total market capitalization European companies are also able to assess the global share of total output (2005 = 100).