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

Courtesy: UPM Raflatac

Apparel/Garments | On 17th Jan 2017

New residue free textile label adhesive from UPM Raflatac

Producer of self adhesive label materials UPM Raflatac, has...

Courtesy: Authentic Brands Group

Apparel/Garments | On 17th Jan 2017

Teen retailer Aéropostale reopens 500 stores in US

Teen apparel retailer Aéropostale has reopened 500 stores in the US,...

Courtesy: Centric Software

Information Technology | On 17th Jan 2017

Centric releases version 6.0 of PLM solution

Centric Software, the leading PLM solution for fashion, retail,...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Judy Frater
Somaiya Kala Vidya

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search