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Industry Talk

2017 kicks off with growing orders for Italian textile machinery

For the first quarter, orders have increased both in Italy and abroad.

6th June 2017

Knitting Industry
 |  Milan

Knitwear, Knitted Outerwear, Technical Textiles

This year has started off on a positive note for Italian textile machinery manufacturers, according to ACIMIT, the Association of Italian Textile Machinery Manufacturers. For the first quarter, orders have increased both in Italy and abroad.

“Orders for the start of 2017 confirm a positive trend in major foreign markets, and a climate of trust for Italy’s textile industry that is on the upswing,” commented ACIMIT president Raffaella Carabelli.

Italian textile machinery: the index of orders at constant value. © ACIMIT

The orders index for textile machinery compiled by ACIMIT for the period from January to March, grew by 24%, compared to the same period in 2016. The index value stood at 113.7 points (basis 2010 = 100).

This growth regarded mostly markets abroad, where the index came in at an absolute value of 124.1 points (+26%). In Italy, the increase compared to the period from January to March 2016 was 16%, with an absolute value of 71.5 points.

“The index data for the first three months of the year confirm the positive signs ascertained by our businesses in various foreign markets,” said Raffaella Carabelli. The dynamic trend for Italy’s domestic market originates, on the other hand, with the National Industrial Plan 4.0. “A renewed climate of enhanced trust is currently perceived in the textile sector, triggered by the government’s commitment to enact a range of significant incentives for the Country’s manufacturing system,” said Raffaella Carabelli.

www.acimit.it

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