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Domestic textile machinery orders grow in Q1: ACIMIT
19
May '16
Italian textile machinery: The index of orders at constant value (basis 2010=100). Courtesy: ACIMIT
Italian textile machinery: The index of orders at constant value (basis 2010=100). Courtesy: ACIMIT
Italian textile machinery manufacturers witnessed a recovery in orders from the domestic market during the first three months of 2016. However, orders dropped off slightly in foreign markets.
 
Overall orders increased by 3 per cent in first quarter compared to the same period the previous year, an industry survey conducted by Association of Italian Textile Machinery Manufacturers (ACIMIT) showed. The value of the index for the first quarter of 2016 came in at 93.6 points (basis 2010=100).
 
This growth factor regarded only Italy, where the index recorded an absolute value of 65 points (+82 per cent compared to January-March 2015, which had recorded the lowest point in terms of orders in recent years). Abroad, the value for orders came in at 100 points, a 3 per cent drop over the same quarter for 2015. 
 
“The ACIMIT survey has certainly highlighted a positive moment, which is also a consequence of what was witnessed at the last edition of ITMA, held in Milan last November. Many Italian textile manufacturers have returned to investing, thanks above all to the support provided by the current government, with measures that promote the acquisition of machinery,” commented ACIMIT president Raffaella Carabelli, on the encouraging signs from the domestic market.
 
However, the situation appears less encouraging on foreign markets. “The current global economic situation is not too much positive,” said Carabelli. “The recovery in China in 2015 has yet to be verified, while other Asian countries, such as Bangladesh, which invested significantly last year, are showing signs of slowing down. The outlook for 2016 is spotty at best,” she added. (RKS)
 

Fibre2Fashion News Desk – India

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