Foreign orders for Italian textile machines rise: Report

16 Nov '16

1 min read

The orders index for textile machinery recorded an increase for the third quarter of 2016, thanks to positive sales figures abroad, a survey carried out by the Association of Italian Textile Machinery Manufacturers (ACIMIT) showed. For the period from July to September 2016, the overall order intake increased by 16 per cent compared to the same period last year.

The third quarter value for 2016 stood at 101.1 points (2010 basis = 100). However, this growth applies to foreign markets only, where the index recorded an absolute value of 112.3 points (+20 per cent compared to July to September 2015). In Italy, the index stood at 48 points, dropping off by 14 per cent over the same quarter in 2015.

ACIMIT president Raffaella Carabelli said, “This data on orders confirms the significant vitality in foreign markets. The order intake from Italy's domestic market has declined after two consecutive quarters of growth. We're still far from an effective recovery for the domestic market. However, we're confident that the plan put forward by the Italian Government for 2017 fiscal year can give confidence to businesses who need to invest.” (GK)

Fibre2Fashion News Desk – India

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