Italian woodworking machinery sales rise in 2016, giving cause for optimism
Acimall,Italian woodworking machinery,sales,domestic,international
Italy’s woodworking machinery sector turned around for the better in 2016 with domestic and international sales giving manufacturers much to smile about after several years of lull.
Domestic sales rose 31.6 percent to EUR592 million in 2016. Export revenue was up 5.1 percent to reach EUR1.4 billion, mostly to North America, according to Acimall, the Italian woodworking machinery association.
Domestic sales was driven by public incentives and measures to support industrial activity, as well as rising wood consumption.
Overall, total sales increased 11.5 percent to EUR2 billion in 2016, close to the industry’s record production level of EUR2.15 billion before the global financial crisis in 2007.