Many OEMs lament that the U. S. economy is treading water. It could be worse. Consider the situation in the Euro zone, which is mired in a recession and facing unemployment above 11%, a debt crisis, and nagging questions about the future of its currency. Despite the turmoil, Italian machine builders are holding their own, according to data from UCIMU, the Italian machine-tool association. Production and exports for the group rose at double-digit rates last year and, while recent orders have declined, the association still predicts export sales for 2012 will be up 12.3%.