Order index for Italian textile machinery dips 3%
The order index for Italian textile machinery carried out by ACIMIT, the Association of Italian Textile Machinery Manufacturers, for 2019 January-March period ranging from January to March 2019 dropped 3 per cent compared to the same period of the previous year.
Italian textile manufacturers thus recorded declining orders on foreign markets, where orders fell by 11 per cent. On the domestic front, orders increased by 84 per cent compared to the first quarter 2018.
ACIMIT President Alessandro Zucchi commented, â€œThe domestic market is experiencing a dynamic showing similar to late 2017. Investments in the textile sector have benefitted from the push towards a greater degree of digitalisation in production processes, thanks to the fiscal incentivesâ€. â€œRegarding foreign markets, on the other hand, the slowdown is a result of a deep rooted feeling of uncertainty currently permeating the global economy,â€ continued Zucchi, â€œwith multiple pressures on global trade in different geographical areas.â€
ACIMIT represents an industrial sector that comprises roughly 300 manufacturers (employing around 12,000 people), which produce machinery for an overall worth of around 2.5 billion euros.