Stable Orders For The Italian Sector Of Textile Machinery In The First Quarter Of 2012
"The first quarter results surprised us", said Sandro Salmoiraghi, ACIMIT president. "The increase of orders in the Italian market for the second quarter in a row silenced the prophets of doom who too quickly predicted the free-fall of Italian textiles. There are still textile companies in Italy investing in new machinery and new systems. This is a boost of confidence for the entire Italian textile-clothing production chain".
Despite the strong growth recorded in the domestic market, exports remain the driver for the sector. And so the overall index of orders is suffering a slow down, albeit slight, in foreign markets. "At a time clearly positive for the Italian market, we must record the slow down of demand from our main markets, especially China and India", emphasised the ACIMIT president. "We are paying for the global economic slow down, which has also affected emerging countries and caused many companies who are our customers to stop their investment projects, hopefully only temporarily".
Posted on May 21, 2012