Italian Textile Machinery: Orders index decline for 2019
The orders index for textile equipment drawn up by Association of Italian Textile Machinery Suppliers (ACIMIT), for the period from October to December 2019, showed an eight per cent fall in comparison to identical period for 2018. Orders compiled by Italian equipment producers were in adverse figures both overseas and on domestic markets in Italy.
An eight per cent slide was recorded overseas, with the complete benefit of the index standing at 89.4 factors. On the other hand, the fall in get selection on the domestic industry stood at 7 per cent, in comparison to the fourth quarter 2018. The complete benefit of the index stood at 138.1 factors.
Immediately after a hard yr, the Italian textile equipment sector is on the lookout to 2020 with some diploma of worry. “For the present yr, there are lots of unidentified variables, both at an financial and political stage, that do not look in the brief time period to issue to a recovery in demand from customers for textile equipment in main markets China, Turkey and India. Our equipment producers need to have to be completely ready to seize prospects that originate from the ask for for sustainability and digitalisation of generation procedures,” said ACIMIT president Alessandro Zucchi in a press launch.
Fibre2Fashion News Desk (JL)
The orders index for textile equipment drawn up by Association of Italian Textile Machinery Suppliers (ACIMIT), for the period from October to December 2019, showed an eight per cent fall in comparison to identical period for 2018. Orders compiled by Italian equipment producers were in adverse figures both overseas and on domestic markets in Italy.
