Positive Trend Continues Thru 3Q for Italian Textile Machinery

The positive trend in orders for Italian textile machinery continued through the third quarter of 2017.

Alessandro Zucchi, President of ACIMIT (the Association Italian Textile Machinery Manufacturers), states, “Growth for the Italian market is progressing, despite following a more contained rhythm. The extended measures for Industry 4.0 will serve to keep this thrust going towards the digitalization of the entire Italian textile sector.”

According to data for the period from July to September, as compiled by ACIMIT, the orders index for textile machinery rose by 6% compared to the same quarter of 2016. The index had a value of 107.3 points. (2010 basis = 100)

Foreign markets showed a 6% increase, with the index reaching a value of 119.4 points. As for Italy’s domestic front, the increase amounted to 8%, with an absolute value for the index of 51.5 points.

“Orders have continued their growth trend, making us confident that we will close the year on a positive note,” commented Zucchi.

Primary foreign markets for Italian textile machinery have generated constant demand, while growth has been ongoing for Italy’s domestic market, even if at a lower overall rhythm compared to the April-June quarter.

“The measures related to Industry 4.0, as envisaged in the upcoming Financial Budget Law, could very well keep the trend alive towards the digitalization process necessary for the entire Italian textile sector,” confirmed Zucchi.

Follow me!