The orders index for Italian textile machinery witnessed a surge in the third quarter of current year, contributed by positive sales figures abroad, according to the survey conducted by Association of Italian Textile Machinery Manufacturers (ACIMIT).
The study revealed that the overall order intake jumped 16 per cent for the period from July to September 2016 compared to the same period last year. The third quarter value for 2016 stood at 101.1 points (2010 basis = 100). However, this growth applied to exports only, where the index recorded a 20 per cent increase as against in the period of July-September last year. In Italy, the index dropped by 14 per cent over the same quarter prior year.
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However, the situation in Italy’s domestic market appears to be less positive. “The order intake 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 next fiscal year can give confidence to businesses who need to invest,” said Raffaella Carabelli, President, ACIMIT.
ACIMIT represents an industrial sector comprising around 300 manufacturers and producing machinery for an overall value of about Euro 2.6 billion, with exports amounting to 86 per cent of total sales.
