Export of machinery for making paper or paperboard from United Kingdom: Rise in 2016

In comparison to the previous year paper equipment export greatly increased by 219.05%, revised numbers from European Commission reveal. The variable sharply rose from 2 899 010 Euro in 2015 to 9 249 240 Euro prior year, versus the previous year when it declined by 30.9%. The overall changes for the prior 17 years reached a raise of 18.07%. Likewise, it has had the compound average annual growth rate of 0.05% during the 5 years with a marginal overall drop since the start of observations. It averaged 10 606 294.12 Euro from 2000 to 2016 and it hit its all-time high of 32 630 760 Euro in 2008 and record low of 1 977 240 Euro in 2009.