Manufacturing production rose again in the second quarter of 2021. The latest CECIMO data suggests that European Machine Tool production should reach 22 billion euro in 2021, with an annual growth rate of around 9.4%. While the outlook for 2021 and 2022 is positive, the growth in the global Machine Tool Industry remains influenced by various disruptive factors. At the same time, the world Machine Tool production is expected to reach a level of about 68.6 billion euros. Dr Hans-Martin Schneeberger, President of CECIMO, stated in his opening remarks that the global and European manufacturing industry continue to recover, highlighting a positive business climate that brings long-awaited optimism for the…