Italian Textile Machinery Off to a Good Start

Italian textile machinery manufacturers got off to a good start with orders during January-March 2017 increasing both in Italy and abroad.

ACIMIT President Raffaella Carabelli says, “Orders for the start of 2017 confirm a positive trend in major foreign markets, and a climate of trust for Italy’s textile industry that is on the upswing.”

The orders index for textile machinery compiled by ACIMIT (the Association of Italian Textile Machinery Manufacturers) for the period from January to March, grew by 24% compared to the same period in 2016. The index value stood at 113.7 points (basis 2010 = 100).

This growth regarded mostly markets abroad, where the index came in at an absolute value of 124.1 points (up 26%). In Italy, the increase compared to January-March 2016 was 16%, with an absolute value of 71.5 points.

Carabelli commented on the results, “The index data for the first three months of the year confirm the positive signs ascertained by our businesses in various foreign markets.”

The dynamic trend for Italy’s domestic market originates, on the other hand, with the National Industrial Plan 4.0. “A renewed climate of enhanced trust is currently perceived in the textile sector,” states Carabelli, “triggered by the government’s commitment to enact a range of significant incentives for the country’s manufacturing system.”

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