International Business Italy: Positive trend will continue throughout 2017
The 2016 outcome of the Italian machine tool, robot and automation manufacturing industry is positive: it registered increases for all main economic indicators, except for exports.
Fifth among manufacturing countries, after the revision of the time-series data carried out by the US association, Italy confirmed its third place among exporters and gained one position in the consumption ranking, where it came in fifth, as a testimony to the liveliness of its domestic demand.
The positive trend reported since 2014 will continue throughout 2017 - the year in which production, export and consumption will grow, also supported by the measures of the National Plan Industry 4.0 – and it will drive both the deliveries of manufacturers in the domestic market and imports. No other country, among the leaders of the sector, will record such significant increases as those obtained by Italy.
Annual general meeting of Ucimu
This is in short the framework presented this morning by the President, Massimo Carboniero, on the occasion of the annual general meeting of UCIMU-SISTEMI PER PRODURRE members, which was also attended by the Minister of the Economic Development, Carlo Calenda, in interactive video-conference from Rome, and by the Vice-President of the National CONFINDUSTRIA, with responsibility for industrial policy, Giulio Pedrollo.
In particular, in 2016, production increased by 6.4%, amounting to 5,552 million euro. The outcome was due to the positive trend of the manufacturers' deliveries in the domestic market, grown by 25.7%, to 2,300 million. On the contrary, exports suffered a setback. After going down by 4%, to 3,252 million euro, the value of exports went back to the levels of 2014, completely cancelling the rise achieved in 2015.
In 2016, the major destination markets of the Italian product offering turned out to be: Germany (377 million, + 1%), the United States (352 million, -9.4%), China (315 million, -6.9%), France (224 million + 23.2%), Poland (137 million, +7.2%), Spain (116 million, +14%), Mexico (99 million, +29.3%) and Turkey (87 million, -5.1%).
A strongly positive performance was registered with regard to consumption, which showed a double-digit increase for the third consecutive year, reaching 3,859 million euro, i.e. 15.3% more versus 2015.
The positive trend of the Italian industry of the sector will be confirmed even in 2017, as highlighted by the forecast data processed by the Studies Dept. of UCIMU. In particular, production will go up by 6.7%, to 5,925 million euro. Consumption will attain 4,250 million euro, i.e. 10.1% more versus 2016, driving both the manufacturers' deliveries in the domestic market, - expected to grow by 12% to 2,575 million - and exports (+7.5%).
Exports will be back to a positive sign: with a 3% upturn they will reach the value of 3,350 million euro. The trend registered with regard to the sales of machine tools abroad in the first three months of the year confirms the awaited recovery. The export/output ratio that has decreased since 2014 due to the recovery of Italian demand, will go down again, attaining 56.5%.