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Italian textile machinery makers record a 15 per cent dip in orders

The order intake index for textile machinery compiled by the Association of Italian Textile Machinery Manufacturers (ACIMIT) for April-June 2018 period fell 15 per cent compared to the same period for 2017. The index value stood at 103.4 basis points. This drop affected both domestic and foreign markets. In Italy, the index stood at an absolute value of 141.4 basis points, i.e. 13 per cent less than for the period of April-June 2017. For foreign markets, sales fell by 14 per cent and the index stood at an absolute value of 99.6 basis points.

After two years of significant investments, textile manufacturers are now tightening up. However, growth margins still exist in a variety of countries. This fact appears even more relevant for Italy’s domestic market where, although registering a drop with respect to 2017, the order intake index for the second quarter has shown growth compared to the corresponding value for the year’s first quarter.

 

 
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