WOODWORKING MACHINERY: 2019 FINAL BALANCE

Waiting for more details to evaluate the impact of the pandemic on the industry economy, based on the analysis of the Acimall Studies office we can illustrate the trend of wood and furniture technology in 2019. Unfortunately, those twelve months were characterized by hardly encouraging signals for the health of our industry, a suffering condition that can only get worse after the dramatic events of the first months of 2020.

“Now more than ever, it is essential to understand the economic situation of the industries we represent,” said Dario Corbetta, director of Acimall, the Confindustria member association that represents industry companies. “We are facing a period that will require strong nerves and a strong and proactive central economic policy like never before, without which the wood machinery business might pay a very high price. The effects of Covid-19, as reported by our Studies office, will unfortunately add to the significant slowdown recorded in 2019, resulting into a trend that will require an even bigger effort to go back to 2016-2018 levels."

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