TEXTILE MACHINERY: GROWTH IN ORDERS CONTINUES FOR SECOND QUARTER
According to data compiled by ACIMIT, the Association of Italian Textile Machinery Manufacturers, the order index for textile machinery during the period from April to June rose by 26% compared to the same period in 2016. The value of the index stood at 117.3 points (basis: 2010=100).
Specifically, significant increase in orders was recorded for domestic market, where the index stood at an absolute value of 92.9 points (+66% over April-June 2016). On foreign markets, the increase amounted to 22%, and the absolute value of the index stood at 123.4 points.
ACIMIT president Alessandro Zucchi expressed the satisfaction of the entire sector: “The data confirms that a recovery is currently underway for our domestic market. This is the third consecutive quarter that the order index is on the rise.”
Background on the Italy’s textile machinery industry and ACIMIT
ACIMIT represents an industrial sector comprising around 300 manufacturers (employing close to 12,000 people) and producing machinery for an overall value of about 2.7 billion euros, with exports amounting to more than 85% of total sales. Creativity, sustainable technology, reliability and quality are the characteristics which have made Italy a global leader in the manufacturing of textile machinery.