Global mechanical engineering market / StudyDigitalization brings highs
The digital transformation is creating a special boom in the global mechanical engineering industry - this is the conclusion of the 'Industrial Goods Study 2018'. However, machine and plant manufacturers have some catching up to do when it comes to digitalizing their manufacturing processes.
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US industrial machinery manufacturers, on the other hand, have made an impressive comeback. They can boast four percent sales growth and a recent EBIT margin of 13% - driven by the weakness of the US dollar and the strong US economy.