The index of orders intake for Italian textile machinery compiled by the Association of Italian Textile Machinery Manufacturers (ACIMIT), Milan/Italy, for the period from October-December 2020 was down by 5% compared to the same period in 2019.
The negative performing trend both abroad and in Italy has weighed on the overall result. On foreign markets, orders intake recorded a 5% decline, while the domestic market recorded a decline of 6% on the 4th quarter (Q4) of 2019.
On an annual basis, the total index declined by 26% compared to 2019. This result is primarily due to a marked downsizing in orders intake for the first half (H1) of 2020, which was not entirely balanced by the progressive recovery in Q3 and Q4/2020. The decrease amounted to 25% abroad and 30% on the domestic side.
Severe travel restrictions along with the cancellation of most trade fairs, as evident consequences of the Covid-19 pandemic, have heavily influenced business operations, already compromised by a general slowdown in investments in the textile sector.