In 2023, Lithuania led the European Installation of Industrial Machinery and Equipment Production Index with a value of 39.22, indicating robust growth. Spain followed with 16.51, and Italy with 13.95, exhibiting moderate growth. France, Germany, and Greece had values of 10.06, 9.13, and 6.13, respectively, with Germany and Greece showing declines.
Year-on-year variations in 2022 showed Lithuania growing by 22.57%, Spain by 7.24%, and Italy by 5.12%. France remained stable with a negligible increase of 0.16%, while Germany and Greece saw declines of 1.86% and 12.88% respectively. The five-year CAGR analysis reveals consistent positive momentum for Lithuania and moderate growth for Spain and Italy.
Future trends to watch include:
- Technological advancements driving growth in Lithuania and Spain.
- Potential recovery in Germany and Greece if structural challenges are addressed.
- Continued investment in green technology, influencing the index across Europe.
Top countries in Installation of Industrial Machinery and Equipment Production Index by Country
| # | 6 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Lithuania | 392.2 | 2022 | +55.88% | +22.57% | View data |
| 2 | 2 Spain | 165.1 | 2022 | +15.37% | +7.24% | View data |
| 3 | 3 Italy | 139.5 | 2022 | +0.5% | +5.12% | View data |
| 4 | 4 France | 100.6 | 2022 | -3.55% | +0.16% | View data |
| 5 | 5 Germany | 91.3 | 2022 | -2.67% | -1.86% | View data |
| 6 | 6 Greece | 61.3 | 2022 | -18.05% | -12.88% | View data |
