Order for Italian textile machinery on the rise in domestic market

Italian textile machinery after signs of recovery observed during the previous quarter, the domestic market took one more step forward, with a domestic orders index jumping up by 44 percent compared to the same period for 2014. The domestic market is on the rise which is a good omen for ITMA Milan, commented Raffaella Carabelli, President of ACIMIT.

However, in the foreign markets, after four consecutive periods of growth, orders appear to have suddenly fallen short. The index of orders has decreased by 4%. Weighing down on this negative performance is lower than expected demand from two of the world’s major textile manufacturing markets, China and Turkey.

The orders recorded a 2 percent drop in the third quarter of 2015, compared to the same period for the previous year. The value of the orders index for the period ranging from July to September thus stood at 86.9 points (basis 2010=100)

With the international textile machinery trade fair, which will open its doors at Fiera Milano Rho on 12 November. The event is already setting records: over 1600 exhibitors will occupy a surface area of around 105,000m2. Italian machinery manufacturers will certainly play a major role, with about 450 exhibitors on hand (over 28% of the total exhibitors) and over 31,000 net m2 of surface area occupied, ACIMIT reports.

The Association believes that the figures of domestic orders appear to represent a good omen for the coming edition of ITMA,