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Western Europe, China depress EUROMAP outlook

Although North American and Eastern European orders have increased, lagging sales in Western Europe and China have depressed the 2005 second-half outlook for European plastics and rubber machinery manufacturers, according to a new survey. Conducted by EUROMAP (European Plastics and Rubber Equipment Manufacturers), the survey of plastics machinery manufacturers from Austria, France, Germany, Italy, Switzerland, and the U.K. found that the number of companies that are not satisfied with first half turnover rose to 25% from 18%, while those that found revenue satisfactory dropped slightly from 48% to 46%.

Over the first six months of the year, 47% of companies reported lower production due to a lack of new orders, compared to only 30% over the second half of 2004. Growth is anticipated in the second half of 2005, especially in Eastern Europe, where one-third of survey participants expect increases. Comparatively, 54%, 46%, and 65%, foresee no change in the U.S., Chinese, and Western European markets respectively.

The outlook for 2006 is more optimistic at this point, with 41% of survey takers anticipating growth and only 10% expecting a decline. -Tony Deligio; [email protected]

TAGS: Business
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