ACIMIT: Q3 remains positive for new orders

Q3 remains positive for new orders

(Source: ACIMIT)
(Source: ACIMIT)

The index of orders intake for Italian textile machines, as compiled by the Association of Italian Textile Machinery Manufacturers (ACIMIT), Milan/Italy, rose by 66% for the period from July-September (Q3) 2021 compared to the same period in 2020. The value of the index stood at 119.8 points (basis 2015=100). This growth has concerned both the Italian and foreign markets in Q3/2021, with an increase in domestic orders of 130% compared to Q3/2020, and up 54% for foreign orders.  
However, the index of orders intake shows a 17% drop when compared to Q2/2021, due mainly to the summer break and a demand for machinery that has stabilized over the last few months.  
This positive moment for Italy’s textile machinery sector is expected to continue through to the year’s end, as ACIMIT’s analysis notes. Indeed, Italian machinery manufacturers are forecasting an increase in the orders intake for the last quarter of the year, both abroad and domestically. The resumption in trade show attendance has improved the climate of confidence among companies.

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