The 2023 European Metal Forming Machinery and Machine Tools Production Index indicates significant variation across countries, with Greece leading at 14.93, followed by Spain at 11.31, and Italy at 10.98. Lithuania, France, and Germany display values of 10.47, 9.41, and 8.25, respectively. In 2022, Greece experienced a notable year-on-year growth of 18.12%, whereas Germany, France, and Lithuania saw declines of 4.69%, 7.09%, and 3.63%. Over the past five years, the average annual growth fluctuates, highlighting Greece's robust upward trajectory amidst stagnation or decline in larger economies like Germany and France.
Future trends to monitor include:
- The potential for Greece to maintain its rapid growth.
- Spain and Italy's strategies to bolster modest gains.
- Germany and France's approaches to reversing recent downward trends.
- The impact of technological advancements and environmental regulations on production efficiency and sustainability.
Top countries in Metal Forming Machinery and Machine Tools Production Index by Country
| # | 6 Countries | Indexes 2015 = 100, Calendar Adjusted | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Greece | 149.3 | 2022 | +29.15% | +18.12% | View data |
| 2 | 2 Spain | 113.1 | 2022 | +8.23% | +0.65% | View data |
| 3 | 3 Italy | 109.8 | 2022 | -0.81% | +0.56% | View data |
| 4 | 4 Lithuania | 104.7 | 2022 | +1.75% | -3.63% | View data |
| 5 | 5 France | 94.1 | 2022 | -0.84% | -7.09% | View data |
| 6 | 6 Germany | 82.5 | 2022 | +1.48% | -4.69% | View data |
