Machinery and Equipment Investments, which has grown for 13 quarters as of the end of 2019, increased by 2.3% in the last quarter of 2022 compared to the same period of the previous year. While the continuation of growth is considered positive, the momentum in the increase keeps the expectations for 2023 limited.

Annual Change in Industrial Production Index, December 2022 Machinery manufacturing industry production diverges positively from the manufacturing industry. While industrial production decreased by 0.2% on an annual basis, the increase in the manufacturing industry index was only 0.5%. Machinery manufacturing industry production, which differed positively from the manufacturing industry as of 2022, increased by 15.2% in the same period.

While the recession clouds in the world tend to dissipate, concerns continue. In 2023, when a 5% contraction is expected in the European machinery industry investment and turnover, despite the radical steps taken at the global level in the fight against inflation, the negative effects on growth rates will be limited.