German Machine Tool Builders Expect Slow Growth in 2016
Published on：29 Feb,2016
After record-setting rises in new orders and revenues last year, new forecast sees 1% growth
* 4% global demand for machine tools
* Automakers, electronics, metal products pace demand
* New markets, new technologies needed
Following a record-setting rebound in new-order volumes and revenues for 2015, the German Machine Tool Builders’ Association issued an outlook for continued — but less robust — improvement during 2016. After several years of fitful increases in demand, the industry posted 4% increase revenues to
* 4% global demand for machine tools
* Automakers, electronics, metal products pace demand
* New markets, new technologies needed
Following a record-setting rebound in new-order volumes and revenues for 2015, the German Machine Tool Builders’ Association issued an outlook for continued — but less robust — improvement during 2016. After several years of fitful increases in demand, the industry posted 4% increase revenues to