July2014
ITALIAN TEXTILE MACHINERY: ORDERS ON THE RISE
FOR SECOND QUARTER THANKS TO FOREIGN MARKETS
Orders of textile machinery for the second quarter of the year showed an increase, thanks to demand from foreign markets. Raffaella Carabelli, President of ACIMIT: “Good results from abroad, but we’re still concerned about poor domestic demand.”
For the second quarter of 2014, the textile machinery orders index elaborated by the research department at ACIMIT (the Association of Italian Textile MachineryManufacturers), recorded a6% increase compared to the previous quarter, for an absolute value of86 points (basis:2010=100).
This growth in orders came entirely from the foreign markets, for which an increase of 8% was recorded for the period fromApril to June, with the industry indexof 92.1 points. For its part, the domestic market showed a decline in order intake for the second quarter (-9% over the previous quarter), after a start of the year that appeared more dynamic.
“Following a less than positive first quarter, foreign demandnow appears to be experiencing a resurgence.” commentsACIMITPresident Raffaella Carabelli, “We were able to ascertain this at the recent ITMA Asia, held in June in Shanghai. The numerous contacts that came in, not just from China but also from other southeast Asian Countries,reflect a willingness on the part of investors to revitalize their operations, in an area that is so important for our sector.”
Data fromISTAT relative to Italianexportsof textile machineryelaborated by ACIMIT also pointed to a9% increase for the year’s first quarter compared to 2013. Sales of Italian machinery are still in decline in China (-3%) and India (-13%), but growth has been recorded in other primary export markets: Turkey (+24%), United States (+46%), Bangladesh (+37%).
However, statistics from the domestic market are not at all encouraging,and a comparison with the previous quarter shows a marked deficit. “We’re still confident that the upcoming edition of ITMA,the industry’s premier trade event,to be held in Milan from 12-19 November 2015, will serve to kick-start growth for the entire sector,” adds ACIMIT’s President.
Regarding ITMA2015,a total of 336Italian machinery manufacturers have currently already confirmed their participation,for a 32%increase in terms of surface area, compared to the previous edition held in Barcelona in 2011.
Italian textile machinery – the index of orders at constant value (basis 2010=100)
Source: ACIMIT
Contact:
Mauro Badanelli, ACIMIT Economics-Press,Web: , Tel. +39024693611- Cell. +393351311525
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