Abstract In April 2013, the MT-IX index decreased by 1 point from the previous five months to 170 points. The steady growth in the market value of Japanese companies indicates that “Abenomics†has begun to work, the market value of American companies has declined, and the performance of EU companies has varied. The main influencing factors are...
In April 2013, the MT-IX index decreased by 1 point from the previous five months to 170 points. The steady growth in the market value of Japanese companies indicates that “Abenomics†has begun to work, the market value of US companies has declined, and the performance of EU companies has varied. The main factors are the weak euros and low levels of investment activity.
The MT-IX Index is based on the market capitalization of 23 leading and listed machine tool manufacturers worldwide. The market value of these companies is weighted according to the proportion of machine revenue in total revenue. The total market value calculated can also assess the global value of European companies. Share in total output (2005 = 100).
The European Machine Tool Industry Association predicts that in the next two years, European machine tool consumption will reach 75% of the pre-crisis level, but the country varies greatly. Southern European machine tool producers lose a large proportion of consumers, and local investment activities are reduced not only for European machine tool manufacturing. Business creates pressure and also affects the mutually beneficial cooperation between machine tool builders and consumers in innovation. Europe will lose the synergy of innovation that has created decades of welfare, and this innovation brings about 80% of private innovation spending.
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