MILANO, ITALY – Acimall, the Italian woodworking and tools manufacturers’ association, said in a release that Italian woodworking technology has come to the end of a positive cycle that lasted for three years.
A trend survey conducted by the association’s Studies Office revealed that first quarter orders dropped 5.8% compared to the same period of 2007. The reasons for the decrease include the specific economic cycles of the industry, as well as the macro economic factors that have caused the recession of the U.S. economy and substantial stagnation in Europe.
Interviewed Acimall companies indicated that the decrease in demand has been stronger in the domestic market, down 8.5%, versus the foreign market, which was down 5%.
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