Home / Knowledge / News / Textiles / Stable orders for the Italian textile machinery
Stable orders for the Italian textile machinery
23
May '12
For Italian textile machinery, 2012 begins with greater stability than the previous year. In fact, in the first quarter of the year, orders are up by a modest 2% compared to the last three months of 2011. According to joint surveys conducted by ACIMIT, the Association of Italian Textile Machinery Manufacturers, the overall orders index for the January-March 2012 period shows an increase of 2% over the previous quarter with a value of 91.2 points.

Nevertheless, there is a different trend between orders in Italy and those in foreign markets. In the Italian market, the index increased 34% compared to the last quarter of 2011. Abroad, on the other hand, there was a drop of 1%.

“The first quarter results surprised us", said Sandro Salmoiraghi, ACIMIT president.

"The increase of orders in the Italian market for the second quarter in a row silenced the prophets of doom who too quickly predicted the free-fall of Italian textiles. There are still textile companies in Italy investing in new machinery and new systems. This is a boost of confidence for the entire Italian textile-clothing production chain”.

Despite the strong growth recorded in the domestic market, exports remain the driver for the sector. And so the overall index of orders is suffering a slow down, albeit slight, in foreign markets. “At a time clearly positive for the Italian market, we must record the slow down of demand from our main markets, especially China and India", emphasized the ACIMIT president. "We are paying for the global economic slow down, which has also affected emerging countries and caused many companies who are our customers to stop their investment projects, hopefully only temporarily”.

Association of Italian Textile Machinery Manufacturers (ACIMIT)

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Paolo Ocleppo
Sandvik Hyperion

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Pranav Mishra
Huemn

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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
March 2017

March 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