ACIMIT represents an industrial sector that comprises around 300 manufacturers. © ACIMIT

Italian textile machinery orders, as elaborated by ACIMIT, the Association of Italian Textile Machinery Manufacturers, fell by 19% for the period from April to June 2019, compared to the same period in 2018.

Orders for Italian machinery manufacturers were negative in foreign markets, with a 21% decline and an absolute index value of 78.6 basis points, according to the association. On the domestic front, on the other hand, orders remained stationary compared to the second quarter 2018.

“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 uncertainty due to a tension-laden geopolitical situation was further weighed down for our sector by the awaiting of ITMA, the world’s premier textile machinery fair, which took place in Barcelona last June,” commented Alessandro Zucchi, ACIMIT President.

The index of orders intake at constant value. © ACIMIT

“ITMA is our industry’s main showcase, held every four years to present the most innovative textile technology solutions. 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, according to ACIMIT.

ACIMIT represents an industrial sector that comprises roughly 300 manufacturers, employing around 12,000 people, which produce machinery for an overall worth of around EUR 2.5 billion, of which 83% are exported.

www.acimit.it

Further reading

Success for Italian manufacturers in Barcelona