MILANO, ITALY – According to Acimall, the Italian woodworking machinery and tools manufacturers’ association, the negative period that has been characterizing the industry since the beginning of the year has accelerated during the third quarter due to the global financial and economic crisis.

According to the figures of the survey carried out by Acimall - based on a statistic sample that represents the entire industry in terms of company size and product categories - there is no doubt: the Italian woodworking machinery and tools industry recorded a reduction by 18.1% compared to the prior year period. The survey also indicated that prices have increased by 2.6% on average.

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