The orders index for textile machinery drawn up by Affiliation of Italian Textile Machinery Companies (ACIMIT), for the time period from Oct to December 2019, showed an 8 for each cent fall compared to exact time period for 2018. Orders compiled by Italian machinery producers were in unfavorable figures each overseas and on domestic markets in Italy. 

 

An 8 for each cent slide was recorded overseas, with the complete benefit of the index standing at 89.4 points. On the other hand, the fall in order collection on the domestic current market stood at seven for each cent, compared to the fourth quarter 2018. The complete benefit of the index stood at 138.one points. 

 

Just after a difficult year, the Italian textile machinery sector is looking to 2020 with some diploma of concern. “For the existing year, there are many mysterious things, each at an economic and political stage, that do not look in the short time period to position to a recovery in desire for textile machinery in significant markets China, Turkey and India. Our machinery producers need to have to be completely ready to seize options that originate from the request for sustainability and digitalisation of output processes,” said ACIMIT president Alessandro Zucchi in a press launch.

Fibre2Fashion News Desk (JL)

The orders index for textile machinery drawn up by Affiliation of Italian Textile Machinery Companies (ACIMIT), for the time period from Oct to December 2019, showed an 8 for each cent fall compared to exact time period for 2018. Orders compiled by Italian machinery producers were in unfavorable figures each overseas and on domestic markets in Italy.