German Machine Tool Builders Expect Slow Growth in 2016

After record-setting rises in new orders and revenues last year, new forecast sees 1% growth * 4% global demand for machine tools * Automakers, electronics, metal products pace demand * New markets, new technologies needed Following a record-setting rebound in new-order volumes and revenues for 2015, the German Machine Tool Builders’ Association issued an outlook for continued — but less robust — improvement during 2016. After several years of fitful increases in demand, the industry posted 4% increase revenues to