According to the latest report from the AFM, the #machinetool industry closed 2023 with a record-breaking turnover, growing an impressive 17.1% 🎉

#MachineTools: 🛠️ The subsector has experienced growth of 21.5%. Forming, in particular, has shown magnificent performance, with an increase of 37.6% and reaching 447 million euros. 💶 Machining also grew, with an increase of 15% and 929 million euros. 🚀 Investments in the automotive sector have been a key factor in this performance 🚗

#Exports: 🌍 Exports have stood out with growth of over 20%, reaching 1,552 million euros. It is especially noteworthy that, for the first time in years, the United States has become the top destination for our exports

#Orders: 📊 Orders have also experienced growth of 12% in 2023, with a strong rise in forming (+22.06%) and moderate growth in machining (+5.23%)

José Pérez Berdud, president of the AFM Cluster, highlights: “The sector’s international presence is tangible proof of our competitiveness.🌟 We are securing contracts that just 10 years ago would have seemed unthinkable” 🚀

This record turnover reflects the resilience and adaptability of the machine-tool industry in Spain. Let’s continue working together to drive innovation and growth! 💪🔗

🔗 https://www.afm.es/en/news/machine-tool-closes-a-record-year-with-an-increase-in-turnover-of-17-1