Brussels, Belgium – According to the November 2013 quarterly market forecast from the European Power Transmission Distributors Association (EPTDA), European industrial production is set to increase further, after it recorded the strongest year-over-year gain in almost two years.
Positive factors like an inflation rate below 1% and a weakening euro, which encourages European exports abroad, should support these positive developments, according to the association.
There is good news from the automotive sector, generally in recovery phase, but especially in Germany and the UK, with a sector rebound of around 4%. Signals of progress in industrial machinery production, as well as a positive influence from the US, are expected to create favourable conditions for industry in Europe.
The EPTDA Market Forecast report, developed in association with the Institute for Trend Research (ITR), provides a thorough analysis of European, North American (including Canada) and Chinese/India production to provide reliable indications for driving smarter strategic decisions. These reports are available in full as an exclusive benefit for EPTDA and PTDA members.
For more information, visit http://eptda.org/.