ACIMIT: Foreign Orders On The Rise For Third Quarter 2016; Italy’s Domestic Market Slows Down

MILAN, Italy — November 2016 — The orders index for textile machinery recorded an increase for the third quarter of 2016, thanks to positive sales figures abroad. Based on an industry survey conducted by the Association of Italian Textile Machinery Manufacturers (ACIMIT) for the period from July to September 2016 the overall order intake increased by 16 percent 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 foreign markets only, where the index recorded an absolute value of 112.3 points (up 20 percent compared to the period from July-September 2015). In Italy, the index stood at 48 points, dropping off by 14 percent over the same quarter in 2015.

ACIMIT President Raffaella Carabelli commented on these figures from Shanghai, where ITMA Asia + CITME 2016, one of the industry’s major trade fairs, has just come to a close. “This data on orders confirms the significant vitality in foreign markets,” states Carabelli. “Here too in Shanghai, we’ve met many entrepreneurs who want to invest; and not just the Chinese.” The trade fair closed with over 100,000 visitors, fully 20 percent of which hailed from abroad.

On the other hand, the situation in Italy’s domestic market appears to fluctuate somewhat. “The order intake has declined after two consecutive quarters of growth,” observes Carabelli. “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 2017 fiscal year can give confidence to businesses who need to invest.”

Posted November 2016

Source: ACIMIT