After two years of decrease, European materials handling production value increased by 5.5% at €58.8bn. Exports, however, fell by nearly 5% though trade balance remains largely positive (+€17bn).
European materials handling production value grew under the combined effect of a vigorous domestic demand (+11% at €32.2bn) and dynamic repair & maintenance (+18% at €9.7bn). Net production value increased by 3% at €49.1bn. This general increase confirms the results communicated by industrial trucks and puts an end to two years of decrease. Production value is thus back at its 2005 level.
Exports recorded a 4.8% drop at €21.8bn (2011 level) although they grew by 12% with the main trade partner, the US. Exports saw their share in production value fall to 44.4% (against 48.6% the year before). The 50% milestone will have to wait. Imports practically stagnated (+2% at €5bn) and maintained their share in domestic demand (15.5%).
“The rebound of the domestic demand is very good news, though it remains at two-thirds of its peak level of 2007,” said FEM Secretary General Olivier Janin.
“Let us hope it is confirmed in 2015 together with the increase in production value so that we can at last record two consecutive years of growth since the 2008 crisis,” he added.