Italian textile machine manufacturers see growth in its domestic market while exports drop in the first quarter of 2016
A recent report from the Association of Italian Textile Machinery Manufacturers (ACIMIT) showed that Italian textile machinery manufacturers witnessed a recovery in orders from the domestic market during the first quarter of 2016. However, orders from foreign markets have seen a slight drop.
ACIMIT is an organisation that works to promote the Italian textile machinery sector, an industrial sector comprising around 300 manufacturers, and support its activity.
The report shows that during the period from January to March 2016 overall orders increased by four per cent compared to the same period the previous year. The value of the index for the first quarter of 2016 came in at 93.6 points (basis 2010=100).
In Italy the index recorded an absolute value of 65 points, an 82 per cent growth compared to January–March 2015, which had recorded the lowest point in terms of orders in recent years. The
value of international orders came in at 100 points, a three per cent drop over the same quarter for 2015.
ACIMIT president Raffaella Carabelli commented on the encouraging signs from the domestic market, “The ACIMIT survey has certainly highlighted a positive moment, which is also a consequence of what was witnessed at the last edition of ITMA, the textile and garment machinery exhibition held in Milan last November.”
She also said that following the positive trends in the industry, many Italian textile manufacturers have returned to investing. She attributed this to the support provided by the current government and the measures taken to promote the acquisition of machinery.
However, the situation appears less encouraging on foreign markets. “The current global economic situation is not too positive,” said Carabelli. “The recovery in China in 2015 has yet to be verified, while other Asian countries, such as Bangladesh, which invested significantly last year, are showing signs of slowing down. The outlook for 2016 is spotty at best,” she added.
This trend is also reflected in the 38th annual International Textile Machinery Shipment Statistics (ITMSS) released by the International Textile Manufacturers Federation (ITMF), which shows that the shipments in some of the textile machinery segments experiencing declines in 2015, as a result of the impact of the global economic slowdown on the textile machinery industry.
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