According to the Association of Italian Textile Machinery Manufacturers (ACIMIT), textile machinery orders saw a drop of 2% in the third quarter of 2015 as compared to the same period last year.
The value of the orders index for textile machinery stood at 86.9 points (basis 2010=100) for the period ranging from July to September 2015.
The orders in the foreign market declined abruptly after four consecutive periods of growth. The index of orders has decreased by 4% as compared to the same period last year.
This drop is due to lower than expected demand from China and Turkey, which are the major markets in the world for textile manufacturing.
However, orders in the domestic market saw a rise, according to the reports.
After signs of a recovery observed during the previous quarter, Italy’s domestic market took one more step forward, with a domestic orders index that jumped up by 44% compared to the same period for 2014.
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