Recently, the research department of the Italian Textile Machinery Association (ACIMIT) released Italian textile machinery order data for the second quarter of 2014. Data show that the order index in the second quarter of 2014 increased by 6% compared with the previous quarter.
The growth in orders from the Italian textile machinery industry in the second quarter of this year is entirely attributed to foreign markets. From April to June this year, sales in Italian overseas markets increased by 8%, and the industry order index reached 92.1 points. Meanwhile, sales in the Italian domestic market fell by 9% compared to the previous quarter, following positive signs at the beginning of the year.
“After a mediocre first quarter, foreign demand has recovered,” explained Raffaella Carabelli, president of the Italian Textile Machinery Association. “We can prove it from the 2014 China International Textile Machinery Exhibition and ITMA Asia Exhibition held in Shanghai in June. This point. At the exhibition, we received orders from China and other countries and regions in Southeast Asia, reflecting the willingness of investors to resume production. These regions are crucial to us.”
Relevant data from the Italian Statistics Institute (ISTAT) show that Italian textile machinery exports increased by 9% year-on-year in the first quarter of this year. Although exports to China and India fell by 3% and 13% respectively, exports to other major markets increased significantly, with exports to Turkey, the United States and Bangladesh increasing by 24%, 46% and 37% respectively. However, compared with the previous quarter, Italy’s domestic textile machinery market showed negative growth.
