Italian Textile Machinery: Domestic Orders Rises In Q1, 2016

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Italian Textile Machinery: Domestic Orders Rises In Q1, 2016

For Italian textile machinery manufacturers, the first quarter of 2016 began with a recovery in orders from the domestic market. In foreign markets, orders have marginally declined. Raffaella Carabelli, President of ACIMIT quoted, “The recovery on the domestic market compared to the minimum recorded a year ago is highly encouraging. Abroad, only a few markets have performed well.”

In the first quarter of 2016, the total orders for Italian textile machinery grew with the momentum from the domestic market. Based on the analysis done by ACIMIT during the first quarter of 2016, overall orders increased by 3% compared to first quarter of 2015. The value of the index for the first quarter of 2016 came in at 93.6 points (basis 2010=100).

This growth factor noticed for Italy only, where the index recorded an absolute value of 65 points (+82% compared to January-March 2015, which had recorded the lowest point in terms of orders in recent years). Abroad, the value for orders came in at 100 points, a 3% drop over the same quarter for 2015.

On the first quarter reports, Raffaella Carabelli, President of ACIMIT commented, “The ACIMIT survey has certainly highlighted a positive moment, which is also a consequence of what was witnessed at the last edition of ITMA, held in Milan last November. However for the foreign market, global economic situation is not too much positive.”

She further added, “The recovery in China in 2015 has yet to be verified, while other Asian countries, such as Bangladesh, which showed signs of slowing down last year. The outlook for 2016 is spotty at best.”