Dűsseldorf, 9 April 2014

Transcription

1 Dűsseldorf, 9 April 2014

2 GENERAL ECONOMIC INFORMATION Unfortunately Italy remains at the end of 2013 still in recession. The latest OECD estimates predict that 2013 should end with a heavy fall in GDP: -1.8% The latest ISTAT estimates say that 2013 ended with a decline in GDP of - 1.9% compared to 2012 For 2014 ISTAT provides for an increase in GDP of 0.6%

3 GENERAL ECONOMIC INFORMATION In the third quarter of 2013, the number of employed fell further to units, amounting to 22 million and 270 thousand, although the unemployment rate in the month December has recorded a decline of onetenth of a percentage point from the previous month (12.7%). Continue the specter of layoffs for many companies and you do not see signs of recovery. In light of these negative data for Italy are primary importance the actions for growth that will take the government of Prime Minister Renzi.

4 In essence, the entire industry value of sales compared to those of 2012 is almost stable or slightly increasing. The situation of Italian manufacturers of springs is as follows. The numbers for 2013 are not yet final because the financial statements to 31 December 2013 are not yet completely available. The data for 2014 are only predictions

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15 EVOLUTIONS IN SPRING MARKET The forecasts for the 1st half see the turnover values for the entire sector stable or in slightly better than those of The vehicle registrations in the period January-February 2014 grew by 6.6% compared to the same period of 2013 At the same time registrations of passenger cars scored a +6% This bodes well The order backlog remains volatile and always short-term.

16 TRENDS OF SPRING MATERIAL Prices of raw materials: All commodities remain stable virtually, even if we forecast that both, carbon steels and stainless steels, may have a small recover. The nickel will continue to be weak, the large reserves of stock will not be reversed even this year, as also copper alloys. Of note, however, the delivery of raw materials takes some time.

17 TRENDS OF SPRING MATERIAL The banks are still struggling very much to give credit to those companies with accounts that are not perfectly aligned. But it perceives a greater effort to finance companies, especially by smaller banks and more related to the area. As a result, investments are expected to increase later in the year. Remains high the difficulty in making payments and the number of overdue bills. Customers Continued to ask to extend the time of payment.

18 ANCCEM EVENTS On 23 Mai there will be the National Conference ANCCEM On 3 and 18 June ANCCEM for its members holds a course on metallurgy of springs materials

19 ANCCEM NEWS Last Year we have renewed the typographical appearance of our magazine "Mollificio Notizie" which is available online on our website

20 ANCCEM NEWS In collaboration with specialized companies and also involving the institutions ANCCEM is preparing for the Guidelines for Safety in spring makers. We think that the first Guidelines version could be ready for second mid-2014

21 Thanks for your attention