ACIMIT: Italian textile machinery orders rise...
ACIMIT

Italian textile machinery orders rise for Q1/2021

Source: ACIMIT
Source: ACIMIT

The index of orders intake for Italian textile machinery, as compiled by the Association of Italian Textile Machinery Manufacturers (ACIMIT), Milan/Italy, for the period January-March 2021 (Q1) was up by 66% compared to the same period for 2020.

This result depended on a positive performance for orders coming in from abroad as well as from Italian market. A 68% increase was recorded on foreign markets, while on the domestic side, the upward trend in orders was more contained, but still significant (+54% compared to Q1/2020).

This significant increase in orders should be compared with the Q1/2020 results, the period in which the Covid-19 pandemic began and production almost completely stopped. Investments in the textile sector have thus seen a rather patchy recovery.

A future recovery is also threatened by rising prices for raw materials. These price hikes are pushing up input costs and, in the absence of a price adjustment, the negative impacts for machinery manufacturers could be quite significant.

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