Home / Knowledge / News / Textiles / Domestic textile machinery orders grow in Q1: ACIMIT
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


Must ReadView All

Textiles | On 24th Jul 2017

Govt extends deadline for GST composition scheme to Aug 16

The Government on India has extended the deadline for small...

L-R: Dhanapal, JMD, Best Corporation; Prabhu Damodaran, Convenor, ITF; Narayanasamy, MD, Micro Cotspin; Senthilnathan, MD Rasitex India; and Sabapathy, MD, Prasanna Spinning Mills

Textiles | On 24th Jul 2017

TN mills seek partnership with cotton growing states

Spinning mills in Tamil Nadu are seeking stronger partnership with...

Textiles | On 24th Jul 2017

Irani terms GST as a ‘great step towards transparency’

Union textiles minister Smriti Irani has termed the Goods and...

Interviews View All

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X