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Italian textile machinery orders drop in fourth quarter

08
Feb '19
Italian textile machinery orders drop in fourth quarter
The orders index for textile machinery for the period ranging from October to December 2018, as compiled by ACIMIT, the Association of Italian Textile Machinery Manufacturers, fell compared to the same period for 2017. The index value stood at 101.9 points (basis: 2015 =100). ACIMIT represents an industrial sector that comprises around 300 companies.

Orders gathered by Italian machinery builders were, thus, negative both in Italy and abroad. On the domestic front, the index stood at an absolute value of 148 points, that is, fully 12 per cent less than the same period for October to December 2017. However, foreign markets were even further down at -16 per cent, with the index standing at an absolute value of 98.1 points, according to a press release by ACIMIT.

“The evolution of the domestic market reflects an overall sense of uncertainty that has accompanied the new national budget legislation, not to mention the comparison with a record fourth quarter for 2017. On foreign markets, our machinery manufacturers are having to face geopolitical situations that have considerably slowed investments. Turkey, Iran, and even China, all primary markets for our sector, have recorded a drop in demand for textile machinery, for a variety of reasons,” ACIMIT president Alessandro Zucchi said.

“Based on preliminary results elaborated by our association, 2018 closed with a downswing, both in terms of foreign sales and total production. The overall sentiment for 2019 isn’t very positive either, but the entire sector is putting its trust in ITMA, the primary trade fair for the entire world textile machinery industry, held every four years. This year, the fair will be held in Barcelona from June 20-26, 2019. It could very well present an opportunity for a revival of the entire sector,” Zucchi added. (GK)

Fibre2Fashion News Desk – India


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