Italian Textile Machinery Exports Slip During Q2 Of 2016

Market News

Italian Textile Machinery Exports Slip During Q2 Of 2016

In the second quarter of 2016, the textile machinery orders in Italy have slowed down somewhat but manage to hold their ground, while the export market slips back. ACIMIT President Raffaella Carabelli said, "Underlying political uncertainty is the root cause of the drop in machinery exports."

The orders index for textile machinery dropped during the second quarter of 2016 due to negative export figures. Based on industry survey conducted by ACIMIT during the second quarter of 2016, overall orders decreased 7% compared to the same period last year. The index rating for the second quarter of 2016 came in at 93 points (basis: 2010=100).

Growth was recorded in Italy alone, where the index amounted to an absolute value of 55.6 points (+3% compared to April-June 2015). Abroad, the absolute value of the index amounted to 101 points, an 8% drop over the same quarter for 2015. ACIMIT President Raffaella Carabelli emphasised the situation of uncertainty currently characterising foreign markets. "We're experiencing a period of profound instability, especially in geopolitical terms," commented ACIMIT's president, "resulting in stagnating investments in many of our benchmark markets. Recent events in Turkey and Bangladesh have confirmed a precarious situation, which is sure to have repercussions on an economic level."