Increase in orders for Italian textile machinery makers

Increase in orders for Italian textile machinery makers

The index of orders intake for Italian textile machinery, processed by ACIMIT (Association of Italian textile machinery manufacturers) for the period April-June 2021, was up 214% compared to the same period in 2020.

Italy

The index of orders intake for
Italian textile machinery, processed by ACIMIT (Association of Italian textile
machinery manufacturers) for the period April-June 2021, was up 214% compared
to the same period in 2020.

An analysis of the index of orders
intake for the first six months of 2021 confirms a clearly positive business
dynamic for Italian manufacturers. An overall growth rate of 122% compared to
the first half of 2020 regarded both the domestic and export markets.

The value of the index was attested
at 150.7 points (basis: 2015 = 100), a result that was influenced by the
comparison with a quarter, from April-June 2020, in which orders were at a
minimum, due to the Covid-19 pandemic.

Alessandro Zucchi, President, ACIMIT,
said that, the data is positive and in the domestic market, in addition to a
physiological rebound following the collapse in 2020, the boost generated by
4.0 incentives is being felt.  He added
that, the push towards digitalization in the business sector is being perceived
as creating a competitive edge for the entire textile industry, especially in Italy.

He also said that, there is no lack
of obstacles facing the machinery producers during this phase, as the sharp
rise in the price of raw materials does not seem to be stopping. Also, the
limited availability of components is making it difficult for the manufacturers
to fulfil the many orders they have received. Finally, the limitations imposed
on the business travels of their staff persist, above all qualified assembly
technicians.

These issues affect the sector’s
order forecasts for the third quarter of 2021. So, in spite of the encouraging
signals, a sense of uncertainty persists regards the actual value of recovery.
Till now,
ACIMIT’s survey has revealed a
substantial stability compared to the previous three months for domestic orders
(as expressed by 59% of companies), and a prevailing caution also abroad, where
forecasts of stable or decreasing orders make up 74% of the answers given by
Italian companies in the sector.

Source: ACIMIT Press Release

Image
Source: ACIMIT Press Release

Also Read:

https://indiantextilejournal.com/latest-textile-industry-news/guess-to-source-more-from-india-and-bangladesh

https://indiantextilejournal.com/latest-textile-industry-news/beroe–india-s-pli-scheme-to-boost-textile-industry-

 

CATEGORIES
TAGS
Share This

COMMENTS

Wordpress (0)
Disqus ( )

Hi There!

Now get regular updates from ITJ Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Textile News on Whatsapp! Enjoy

+91 81082 88300

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back