For the first semester of 2007, the index for orders of textile machinery, drawn up by the Economics Office of ACIMIT, the Association of Italian Textile Machinery Manufacturers, registered a 22% increase compared to the same period from January to June 2006.
This result derives largely from a good performance on the internal market, together with a positive boost in orders on foreign markets.
Regarding Italy, the rate of new orders from the sector’s Italian manufacturers rose 45.5% with respect to the same period for 2006. A positive performance was also registered on foreign markets, where orders gathered for the first half of the current year increased 17.8% compared to January - June 2006.
Both for the national and foreign markets, the index shows a growth in production for the second consecutive semester. Paolo Banfi, president of ACIMIT, comments, “Following a positive close for 2006, we were all anxiously awaiting to see whether the growth trend would continue on into 2007. The figures from the survey processed by ACIMIT’s Research Bureau effectively confirm that a recovery is under way for the sector.”
Italy’s textile industry in fact registered an overall positive trend last year: revenues grew by 5% compared to 2005, amounting to 2.7 billion Euros, while exports, which represent all of 78% of total production, rose by 4%.
“For the first part of 2007,” notes Banfi, “we’ve also registered a boost in sales in several key markets. In China, which remains our main foreign market, orders for Italian machinery rose 22% over the first three months of the year with respect to the same period for 2006."
"We’ve also noted satisfying export trends to Germany (+12%). Overall, compared to the same period for 2006, there are also signs of a recovery for the primary markets in the European Union, as well as for Egypt (+158%), Brazil (+21%), and Iran (+77%). India, on the other hand, following a period of growth for 2006, at +43%, slipped back somewhat (-22% for the first quarter of 2007).”
This result derives largely from a good performance on the internal market, together with a positive boost in orders on foreign markets.
Regarding Italy, the rate of new orders from the sector’s Italian manufacturers rose 45.5% with respect to the same period for 2006. A positive performance was also registered on foreign markets, where orders gathered for the first half of the current year increased 17.8% compared to January - June 2006.
Both for the national and foreign markets, the index shows a growth in production for the second consecutive semester. Paolo Banfi, president of ACIMIT, comments, “Following a positive close for 2006, we were all anxiously awaiting to see whether the growth trend would continue on into 2007. The figures from the survey processed by ACIMIT’s Research Bureau effectively confirm that a recovery is under way for the sector.”
Italy’s textile industry in fact registered an overall positive trend last year: revenues grew by 5% compared to 2005, amounting to 2.7 billion Euros, while exports, which represent all of 78% of total production, rose by 4%.
“For the first part of 2007,” notes Banfi, “we’ve also registered a boost in sales in several key markets. In China, which remains our main foreign market, orders for Italian machinery rose 22% over the first three months of the year with respect to the same period for 2006."
"We’ve also noted satisfying export trends to Germany (+12%). Overall, compared to the same period for 2006, there are also signs of a recovery for the primary markets in the European Union, as well as for Egypt (+158%), Brazil (+21%), and Iran (+77%). India, on the other hand, following a period of growth for 2006, at +43%, slipped back somewhat (-22% for the first quarter of 2007).”
