UCIMU: in the first quarter 2024, a downturn in the orders of machine tools (-18.9%)
24.04.2024 - ASSOCIATION
In the first quarter 2024, the index of machine tool orders, elaborated by the Economic Studies Department & Business Culture Centre of UCIMU-SISTEMI PER PRODURRE, highlighted an 18.9% downturn over the period January-March 2023. The absolute value of the index was 77.9 (base year 2021=100).
The negative outcome was due to the reduction in the orders received by Italian manufacturers, both in the domestic and foreign markets.
In particular, the orders collected overseas were down by 18.5% compared to the same period of the previous year. The absolute value of the index stood at 91.
On the domestic front, orders marked a drop of 19.4% over the first quarter of 2023, for an absolute value of 55.1.
