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Saudi Arabia commits to AI, industrial revolution in meet with Italian experts

Saudi Arabia commits to AI, industrial revolution in meet with Italian experts
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Italian machine tool industry registers significant growth during Q1 2021

Italy — During the first quarter of 2021, demand for Italian machine tools grew again. The Ucimu index processed by the Economic Studies Department & Business Culture of the Association showed a 48.6 % upturn in the first three months of the year compared with the same period of 2020. The absolute value of the index was 169 (base 100 in 2015).

Italian Machine Tool Orders Start to Grow

Italian Machine Tool Orders Start to Grow April 20, 2021 Italian Trade Agency Press Release In the first quarter of 2021, the orders of machine tools collected by Italian manufacturers started to grow again. In particular, the UCIMU index processed by the Economic Studies Department & Business Culture of the Association showed a 48.6% upturn in the first three months of the year compared with the same period of 2020. The absolute value of the index was 169 (base 100 in 2015). The overall outcome was mainly due to the excellent performance of manufacturers on the domestic market. Indeed, on the internal market, Italian manufacturers registered a 157.9% increase in the collected orders compared with the same period of the previous year. The absolute value of the index was 195.5.

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