Taken as a whole, the global machine-tool-producing industry finished making its comeback from the precipitous decline of 2009, in which some countries saw production fall by half.In 2011, total shipments by the national industries that participate in this World Machine Tool Output & Consumption Survey amounted to $92.7-billion, an increase of 35% over the $68.8-billion for 2010 (table, left). Moreover, that 2010 figure in turn represented a 26% gain over the dismal sum of $54.7-billion for 2009. So, last year's output just surpassed the total for 2008 when the downward slide started.
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