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15th February 2012, Milan

Signs of recovery for Italian textile machinery

Santoni Atlas large diameter circular knitting machine in 80 gauge is in demand in export markets.

ACIMIT, the organisation representing the Italian textile machinery manufacturers says that orders for Italian textile machinery sector are now back on the rise. Sandro Salmoiraghi, President of ACIMIT said in a press communication this morning:

"Despite the economic crisis, our sector is showing signs of a recovery in sales after two negative quarters."

Orders for Italian textile machinery manufacturers were on the rise again during the last quarter of 2011 after two quarters of fall figures. The results were gathered by a quarterly survey conducted by ACIMIT, the Association of Italian Textile Machinery Manufacturers.

Overall orders for the period from October to December 2011 rose by 28% over the previous quarter, at a value of 90.2 points. The most significant increase relates to orders in export markets (+32%), whereas domestic market orders were up 15%.

"We're still far from the levels achieved in 2010," Sandro Salmoiraghi commented. "But this recovery, compared to the mid months of 2011, confirms the dynamic nature of our manufacturers."

"Despite the current difficult conditions in global markets, our manufacturers have managed to catch the business opportunities available in major foreign markets, especially China, Turkey and India, as well as the United States and Brazil," Salmoiraghi said.

However, the situation in the domestic market remains more difficult to resolve. The revival in investments recorded over the past three months is being seen as a positive sign by ACIMIT, but the gap remains large with current trends abroad.

The expectations of Italian machinery manufacturers for the first quarter of 2012 remain cautious, above all regarding the domestic market. "Economic uncertainty, combined with increased difficulties due to the danger of a credit crunch, is stopping investments of our Italian customers," ACIMIT's President concluded.    

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