Orders for Italian textile machines rose by 66% in Q3 2021: ACIMIT

The growth includes both Italian and foreign markets, with a 130 per cent increase in domestic orders compared to the same period in 2020, and 54 per cent increase in foreign orders, ACIMIT said in a media release.

However, the index of orders intake shows a 17 per cent drop when compared to the previous quarter this year, mainly due to summer break and a demand for machinery that has stabilised over the last few months.

ACIMIT president Alessandro Zucchi said, “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 a remarkable flexibility, are part of our DNA as Italian businesses, not just in our specific sector.”

The positive moment for Italy’s textile machinery sector is expected to continue through to the year’s end, as per ACIMIT. Italian machinery manufacturers are forecasting an increase in the orders intake for the last quarter of the year, both abroad and domestically.

“The resumption in trade show attendance we’ve witnessed has improved the climate of confidence among 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 digitalisation and sustainability,” concluded Zucchi.

Fibre2Fashion News Desk (KD)