The index of orders intake for Italian textile machinery, as processed by the Association of Italian Textile Machinery Manufacturers (ACIMIT), Milan/Italy, for the period ranging from April-June 2021, was up 214% compared to the same 2020 period. The value of the index was attested at 150.7 points (basis: 2015= 100), a result that was no doubt influenced by the comparison with a quarter, from April-June 2020, in which orders were obviously at a minimum, due to the Covid-19 pandemic.
An analysis of the index of orders intake for the first 6 months of 2021 confirms a clearly positive business dynamic for Italian manufacturers. An overall growth rate of 122% compared to the first half of 2020 regarded both the domestic and export markets.
In spite of these encouraging signals, a sense of uncertainty persists nonetheless on the actual solidity of this recovery. There is a sharp rise in the prices of raw materials and a limited availability of components, which can make it difficult for the manufacturers to fulfill the orders.
ACIMIT’s survey have revealed a substantial stability compared to the previous 3 months for domestic orders (as expressed by 59% of companies), and a prevailing caution also abroad, where forecasts of stable or decreasing orders make up 74% of the answers given by Italian companies in the sector.