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Robust domestic and export demand for Italian textile machinery boosts growth in Q3 ’21

The association that groups together Italian textile machinery producers – ACIMIT – has compiled the index of orders intake for Italian textile machines that has risen by 66 percent for the period from July to September 2021 compared to the same period in 2020.

Figure: ACIMIT compiled the index of orders intake for Italian textile machines that has risen by 66% for the period from July to Sep 2021.

The value of the index stood at 119.8 points (basis 2015=100). This growth has come from both the domestic and foreign markets.

The domestic orders have seen an increase of 130 percent in Q3 ’21 on a Y-o-Y basis, while foreign orders are up by 54 percent.

However, the index of orders intake shows a drop of 17 percent when compared to the previous quarter (April-June) this year, mainly due to the summer break and demand for machinery that has stabilized over the last few months.

Alessandro Zucchi, President, ACIMIT, commented, “Overall, the numbers for new orders remain positive, in spite of a slight decline compared to the months prior to the summer period. This proves that Italian companies have been capable of responding quickly to new market conditions, as has often happened in other historical periods. The ability to adapt, coupled with remarkable flexibility, is part of our DNA as Italian businesses, not just in our specific sector.”

ACIMIT has also analyzed that the positive moment for Italy’s textile machinery sector is expected to continue through to the year’s end.

Alessandro added, “The resumption in trade show attendance we’ve witnessed has improved the climate of confidence amongst companies. However, we need to make the most of this moment, since the difficulties are not yet entirely behind us. In particular, we must continue on the path of digitalization and sustainability.”

If anyone has any feedback or input regarding the published news, please contact: info@textiletoday.com.bd

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