Orders of Italian textile machinery are on the rise for both the domestic and foreign markets. ACIMIT's President Sandro Salmoiraghi stated "What's needed now is to boost investments in capital goods and work together in foreign markets."
Based on an industry study conducted by ACIMIT, the Association of Italian Textile Machinery Manufacturers, during the fourth quarter of 2012, the orders index for textile machinery rose by 22% compared to the previous quarter, for an absolute value of 130.4 points. Even more significant was the increase with respect to the same period the previous year (+46%).
Overall orders also benefitted from a positive trend on the domestic market, for which a 47% increase was actually recorded compared to the three previous months. The value stood at 83.5 points. Growth on foreign markets was slightly more contained at +20%.
"The fourth quarter data are comforting, comments ACIMIT President Sandro Salmoiraghi, and are a good omen for 2013, but we still need to consider that overall the year 2012 closed with a decrease compared to 2011."
In fact, on an annual basis the orders index fell by 4%, for a value of 108.6 points. Abroad, the comparison on the previous year recorded a slight drop (-1%), while the domestic market totalized a 21% decrease. For the full article click on the source link.