The orders index for foreign markets, which account for more than 85 per cent of total Italian textile machinery sales, increased by six per cent to 119.4 points for July-September quarter.

In Italy’s domestic market, the orders index for the third quarter was up by 8 per cent to 51.5 points.

“Orders have continued their growth trend, making us confident that we will close out the year on a positive note,” commented ACIMIT president Alessandro Zucchi.

“The measures relating to Industry 4.0, as envisaged in the upcoming Financial Budget Law, could very well keep the trend alive towards the digitalisation process necessary for the entire Italian textile sector,” said Zucchi. (RKS)

Fibre2Fashion News Desk – India