Growth in Spanish Machine Tool Sector

San Sebastian, Spain – The year 2016 witnessed an interesting growth in machine orders, with an increase of more than 22 percent. Exports grew by 6.6 percent, reaching € 1.18 billion. This growth is due to an extremely high investment of the automotive sector, which has drawn large press manufacturers and the metal forming subsector with it.

This led to a major increase in orders (+56 percent) and the largest capture ever registered by the subsector. “An increase in turnover of between 8 and 10 percent is foreseeable in 2017, tapping into the pull of the capture in the metal forming subsector. We expect a similar growth in exports,” said Xabier Ortueta, Director, AFM.

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