Italy: Orders of textile machinery grows

Orders for Italian textile machinery grew over the second quarter of 2010, which closed with an overall index of 159.5 points for the period from April/June, amounting to a 35% increase compared to the previous quarter.

In market terms, the orders index processed by ACIMIT, the Association of Italian Textile Machinery Manufacturers, indicates a 40% increase abroad and a 5% increase in Italy.

Commenting on the data, Sandro Salmoiraghi, President of ACIMIT, stated that the growth in orders is a satisfying element, but the recovery has more or less equally rewarded other machinery manufacturing Countries as well, so that competition on international markets is even fiercer than in the past.

Forecasts for the third quarter of 2010 provided by producers indicate an essentially stable situation in all segments for Italy's domestic market. More consistent signs of optimism are coming from foreign sales.

The orders coming in over the next three months affirms Salmoiraghi will be decisive in understanding whether the recovery marks a real reversal of trends.

ACIMIT (Association of Italian Textile Machinery Manufacturers) is a private national body that gathers Italian textile machinery companies producing more than 80% of the entire Italian textile machinery production, and some associated members (consortia, technical schools, technical magazines, research centres).