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Italian textile machinery orders drop 2% in Q3 2015
29
Oct '15
Textile machinery orders for the third quarter of 2015 witnessed a slight decline of two per cent, mainly due to fall in export orders, according to the research department of the Association of Italian Textile Machinery Manufacturers (ACIMIT). However, there was a rise in orders in the domestic market.
 
For July-September 2015 quarter, the value of orders index for textile machinery stood at 86.9 points (basis 2010=100), ACIMIT said in a press release.
 
In the foreign markets, after four consecutive periods of growth, orders suddenly fell short. Indeed, the index of orders decreased by 4 per cent during the quarter compared to the same period of 2014. Weighing down on this negative performance was lower than expected demand from China and Turkey—two of the world's major textile manufacturing markets.
 
On the other hand, after showing signs of recovery during the previous quarter, Italy's domestic market took one more step forward, with the domestic orders index showing a 44 per cent jump compared to the same period for 2014.
 
“As was the case three months ago, I find myself commenting on a positive situation for our domestic market,” ACIMIT president Raffaella Carabelli. “We therefore have confirmation of the validity of the instruments put in place by Italian authorities, promoting investments in machinery and technology, including in the textile industry.”
 
“What we've seen in Italy is the bucking of a trend, and this is a good omen for ITMA Milan,” she adds. ITMA—the global textile machinery trade fair, which will open its doors at Fiera Milano Rho on 12 November, is already setting records: over 1600 exhibitors will occupy a surface area of around 105,000 square metres. Italian machinery manufacturers will certainly play a major role, with about 450 exhibitors on hand (over 28 per cent of the total exhibitors) and over 31,000 net square metres of surface area occupied. (RKS)
 

Fibre2Fashion News Desk – India


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