ACIMIT: third quarter growth for domestic orders only

For 2015 third quarter the index of orders for textile machinery elaborated by the research department at ACIMIT, the Association of Italian Textile Machinery Manufacturers, recorded a 2% drop compared to the same period for the previous year. The value of the orders index for the period ranging from July to September thus stood at 86.9 points (basis 2010: 100).

After signs of recovery observed during the previous quarter, Italy's domestic market took on more step forward, with a domestic orders index that jumped up 44% compared to the same period for 2014. However, in the foreign markets, after four consecutive periods of growth, orders appeared to have suddenly fallen short. Indeed, the index of orders has decreased by 4%. Weighing down on this negative performance is lower than expected demand from two of the world's major textile manufacturing markets, China and Turkey.

"As was the case three months ago, I find myself commenting on a positive situation for our domestic market," observes Raffaella Carabelli, President of ACIMIT. "We therefore have confirmation of the vallidity of the instruments put in place by Italian authorities, promoting investments in machinery and technology, including the textile industry." These figures appear to represent a good omen for the coming edition of ITMA.