In the fourth quarter 2022 machine tool orders kept growing (+3.5%) domestic orders (+5.4%); foreign orders (+2.4%)

In the fourth quarter 2022, the index of machine tool orders processed by the Economic Studies Department & Business Culture Centre of UCIMU-SISTEMI PER PRODURRE marked a 3.5% increase compared with the period October-December 2021. The absolute value of the index stood at 133.6 (base year 2015=100). This is the new record value for the quarter of reference. 

The outcome was due to the good trend of orders collected abroad, as well as to the excellent results achieved in the domestic market. 

In particular, the orders collected overseas grew by 2.4% compared with the same period of the previous year. The absolute value of the index was 103.9.

On the domestic front, the collected orders registered a 5.4% upturn. The absolute value of the index at 257 is the new all-time high. Barbara Colombo, president of UCIMU-SISTEMI PER PRODURRE, commented: “This performance is really satisfactory, as it is compared with the result of the fourth quarter 2021, which had already been exceptional. The excellent outcome was mostly due to the accelerated purchasing decisions of end users, who completed their investment processes by the end of the year 2022 to take advantage of the tax credit at 40%, being aware that – as announced by the Government – from January 2023, the tax rate would be halved”. 

On the other hand, on an annual basis, the index of orders shows a -7.8% downturn, for an absolute value of 120.1. The decrease was due to the reduction in the collection of orders in the Italian market, (-20.8%) for an absolute value of 144.7. On the contrary, the orders from abroad were on the rise (+2.8%), for an absolute value of 115.9.