ACIMIT: Drop in orders for Italian textile ma...

Drop in orders for Italian textile machinery in Q1/2023

(Source: ACIMIT)
(Source: ACIMIT)

The textile machinery orders index saw a decline of 35% for the 1st quarter (Q1) of 2023, compared to January-March 2022. In absolute terms, the index stood at 84.8 points. These figures are provided by the Economics Office of the Association of Italian Textile Machinery Manufacturers (ACIMIT), Milan/Italy.
This result is mainly due to a reduction in the orders intake recorded by manufacturers on foreign markets. Indeed, foreign orders dropped by 40%, whereas the domestic market showed a 14% increase.
The order index for Q1 confirms a trend of the past few quarters, where uncertainty still predominates in global markets, both in terms of a macroeconomic framework that is characterized by a penalizing inflationary trend and ongoing geopolitical tensions. This is a scenario that this does not facilitate investment plans for businesses.
However, this uncertainty does not appear to affect the sector’s operators, who are nonetheless permeated by a sense of optimism, as is also testified by the positive data drawn from a comparison with orders from Q4/2022 (October-December 2022), for which total orders had been slightly on the rise at +3%. The forecasts for 2023 remain positive.
The ITMA trade fair in Milan/Italy from June 8-14, 2023, the world’s leading trade fair dedicated to textile and clothing technologies, will feature over 400 Italian manufacturers, taking up approx. 30% of the entire exhibition space.

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