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Increase in orders for Italian textile machinery makers

Aug 05, 2021
Increase in orders for Italian textile machinery makers

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

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