ACIMGA Reports Export Recovery

MILAN, ITALY | The Italian printing and converting machinery industry is recovering with a 15% growth in exports over the first three months of 2010, reports ACIMGA, the Italian Mfrs. Assn. of Machinery for the Graphic, Converting and Paper Industry.

The main drivers of the recovery are Asia's growth of more than 66%, with India and China showing a 173% and 165% increase respectively; and North America, growing by 37% after a poor performance in 2009. Extra European Union countries also display a recovery (+24.66%), while the EU market is still experiencing difficulties with a 3% loss.

A favorable euro-dollar exchange rate is expected to further boost export sales of Italian machinery worldwide.

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