According to ACIMIT (the Association of Italian Textile Machinery Manufacturers), orders of textile machinery over the second semester of 2009 registered an increase of 36% compared to the same period for 2008, for value estimated at 82.5 points (base 2005=100). This recovery is also evident with respect to the previous semester, when the absolute value for new orders reached 71.3 points.
Although it is as yet premature to read this trend inversion as a sign that we are definitively coming out of the crisis, the overall recovery, both for domestic and foreign markets, nonetheless allows us to believe that we are moving away from the minimum threshold touched during the second half of 2008.
“There has been a very strong reaction by our businesses to the persistent and generalized downturn in demand. However, this has engendered a further reduction in already slim margins”, confirms ACIMIT President, Sandro Salmoiraghi.
Regarding the domestic market, new orders have risen 21% compared to the second half of 2008. On foreign markets, the increase in orders amounted to 45%. In fact, initiatives adopted by governments aimed at propping up the industry have revitalized local textile sectors in general. Thus, in China and India, the two primary markets for Italian textile machinery, new investments have shown an upturn, albeit a timid one, as demonstrated by orders picked up by Italian machinery manufacturers.
ACIMIT (the Association of Italian Textile Machinery Manufacturers)
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