Italian textile machinery orders, as elaborated by ACIMIT, the Association of Italian Textile Machinery Manufacturers, for the period from April to June 2019, fell 19% compared to the same quarter of 2018. The index orders value came in at 84 basis points (2015=100).
Orders for Italian machinery manufacturers were negative in foreign markets, with a 21% decline and an absolute index value of 78.6 basis points. Meanwhile on the domestic front, orders remained stationary. The absolute index value came in at 140.1 basis points.
ACIMIT President Alessandro Zucchi commented on the economic situation, “The orders index as compiled by our Economics Department perfectly reflects the situation that we as entrepreneurs have found in many markets in this first part of the year. The uncertainties due to a tension-laden geopolitical situation were further weighed down for our sector by the awaiting of ITMA, the world’s premier textile machinery fair that took place in Barcelona last June.”
“ITMA is our industry’s main showcase, held every four years to present the most innovative textile technology solutions,” explains Zucchi. “Many of our customers have postponed investments to await news presented at the fair.”
The level of success, measured in terms of overall visitors and contacts recorded by Italian machinery manufacturers during the event, lends a positive note for year-end growth on foreign markets.