Positive 2012 Fourth Quarter For Italian Textile Machinery Orders

MILAN — February 2013 — Based on an industry study conducted by ACIMIT, the Association of Italian
Textile Machinery Manufacturers, during the fourth quarter of 2012, the orders index for textile
machinery rose by 22% compared to the previous quarter, for an absolute value of 130.4 points. Even
more significant was the increase with respect to the same period the previous year (+46%).

Overall orders also benefitted from a positive trend on the domestic market, for which a 47%
increase was actually recorded compared to the three previous months. The value stood at 83.5
points. Growth on foreign markets was slightly more contained at +20%.

“The fourth quarter data are comforting, comments ACIMIT President Sandro Salmoiraghi, and
are a good omen for 2013, but we still need to consider that overall the year 2012 closed with a
decrease compared to 2011.”

In fact, on an annual basis the orders index fell by 4%, for a value of 108.6 points. Abroad,
the comparison on the previous year recorded a slight drop (-1%), while the domestic market
totalized a 21% decrease.

 “In Italy, we’re registering the effects of an overall climate of scant
confidence in the future, a fact that is common to businesses and families alike,” observes
Salmoiraghi. “We need reforms capable of promoting growth, such as those recently proposed by
Confindustria, aimed at cutting business costs – starting from the cost of labour, while boosting
investments in capital goods. These issues must be prioritized in the industrial policies enacted
by the next government.”

ACIMIT’s president concludes “Abroad, where our manufacturers realize 80% of their turnover,
we need to work together in a structured manner. This is why we ask that Italian Trade Promotion
Agency (ICE) be provided with greater resources for promoting Made in Italy products in foreign
markets, avoiding that public funds for internationalization are wasted in many unstructured

Posted on February 19, 2013

Source: ACIMIT