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European Machine Tool Industry Association recently released report shows that the European machine tool output in 2012 is expected to reach 22 billion euros (about 28.4 billion U.S. dollars), an increase of 6% compared to 2011, the growth rate last year of 25 % slowed down significantly. The report said that, in 2012, the European machine tool industry presents good performance of exports and weak domestic demand, future growth will be more dependent on foreign orders. The report said that the machine tool investment decrease indicated European companies cautious about the prospects for development, especially in southern Europe, production decline. With the slowdown in the European manufacturing sector within Europe amount of machine tool orders in 2012 than in 2011 decreased by 77 million euros (about 99.33 million U.S. dollars). European Machine Tool Industry Association, called on the European Union and EU governments to adopt positive policies to stimulate manufacturing growth. European machine tool industry in 2011 about half of the exports are sold to non-European region, and continue to increase the proportion of non-European regions, the EU needs to actively promote the conclusion of a free trade agreement. European Machine Tool Industry Association, the EU postponed the signing of the free trade agreement with India expressed disappointment, fear of Japan and South Korea signed a free trade agreement with India, therefore gain a competitive advantage. The European Commission has recently developed industrial the outline development to revitalize the manufacturing sector. According to the outline, by 2020, the proportion of manufacturing industry in the EU gross domestic product (GDP) has risen from 16% to 20%, in order to achieve the goal of re-industrialization in Europe. FAG HCS71916C.T.P4S.UL| FAG HCS71913E.T.P4S.UL | FAG HCS71914C.T.P4S.UL | FAG HCS71912E.T.P4S.UL | FAG HCS71911E.T.P4S.UL | FAG HCS7010C.T.P4S.UL | FAG HCS71906E.T.P4S.UL | FAG HCS7008C.T.P4S.UL | FAG HCS71906C.T.P4S.UL | FAG HCS71905E.T.P4S.UL |
