Italy’s Textile Machinery Order Intake Drops in Q2

The April-June 2018 order intake index for textile machinery, as compiled by ACIMIT (the Association of Italian Textile Machinery Manufacturers), fell 15% compared to the same period of 2017.

The index value stood at 103.4 basis points (2015 basis = 100).

This drop affected both domestic and foreign markets. In Italy, the index stood at an absolute value of 141.4 basis points; i.e., 13% less than April-June 2017. For foreign markets, sales fell 14%, and the index stood at an absolute value of 99.6 basis points.

ACIMIT President Alessandro Zucchi says, “Surely the global market for the sector tended to settle somewhat. After two years of significant investments, textile manufacturers are now tightening up. However, growth margins still exist in a variety of countries.”

This fact appears even more relevant for Italy’s domestic market where, although registering a drop with respect to 2017, the order intake index for the second quarter showed growth compared to the corresponding value for the year’s first quarter. “Following an initial period of uncertainty, the confirmation of fiscal incentives for 2018 has helped re-launch investments in advanced technologies by Italian textile companies,” states Zucchi.