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Orders of Italian textile machinery as compiled by the Association of Italian Textile Machinery Manufacturers (ACIMIT) recorded a 15 per cent increase during Q2 2015, compared to the same period last year
Orders from foreign markets have shown a sharp move upwards, increasing by 21 per cent compared to Q2 2014, marking a fourth consecutive period of growth. Orders from Italy continue to stay muted but the domestic market has shown signs of a recovery, with Q2 2015 orders having risen by seven per cent compared to Q2 2014.
“This growth for the Italian market is somewhat unexpected,” said Raffaella Carabelli, president of ACIMIT. “It is highly likely that the incentives implemented by the government may have contributed to this light recovery in our sector. The rest was certainly achieved by the healthy situation of various sectors downstream from our own.”
With ITMA 2015 imminently close, the global trade fair scheduled in Milan from 12-19 November, businesses are waiting on the innovations that will be presented in Milan.
Official data from Italy’s National Institute for Statistics shows growth in demand from various textile machinery importing countries such as India, Bangladesh and markets within the European Union. “We’re waiting for a recovery from China, where investments in machinery are still low compared to a year ago,” said Carabelli.
“Increased orders on the domestic market are an unexpected but a welcome development: a good omen for ITMA 2015. Abroad, we are very optimistic on Iran,” Carabelli added.
International sanctions on Iran had stopped the export of Italian textile machinery to the Middle East country, but the recent agreement that Iran has reached with world powers is likely to provide a big boost to Italy’s textile machinery industry.