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According to the European Machine Tool Manufacturers Association (CECIMO), the European machine tool production has grown strongly in 2011, and European machine tools will occupy a significant share of the world's machine tool production. European machine tool production is expected to grow faster than the world average. The future trend is largely dependent on the stability of public finances. EMO Hannover 2011 confirms that Europe is a leader in advanced solutions for manufacturing. In 2011, European machine tool production is expected to increase by 20% from 2010 to 20 billion euros. The growth of machine tool production is mainly driven by exports. It is expected that the export value of machine tools in Europe will increase by nearly 1/4 in 2011 to reach 15.7 billion euros. CECIMO Chairman Michael Hauser concluded: “The recovery in European manufacturing has also contributed to the growth of European machine tool imports and consumption. In 2011, European machine tool consumption will increase by 2 billion euros to reach 11.3 billion euros.†Compared to the world average European machine tool production not only accounts for the largest share of the world's machine tool production, but this share will continue to expand. Frak Brike, Chairman of the CECIMO Economic Committee, predicts: “In 2012, the share of European machine tool production in the world will increase from 33.3% in 2010 to 34.6%.†There are many uncertainties in the trial production in the next few quarters. The European machine tool industry is recovering from the crisis, but the industry is now facing another uncertain volatility and deteriorating market confidence. Frak Brike stressed: "At present, the world and European economic prospects are unclear. In Europe, the supply chain of the manufacturing supply chain is generally blocked. If these problems cannot be solved in time, it will seriously affect the development of the European machine tool industry. Especially for small and medium-sized enterprises. The impact will be more obvious."