Italian textile machinery orders increase in the first quarter
The textile machinery order intake index compiled by the Association of Italian Textile Machinery Manufacturers (ACIMIT), during the period January-March 2021, increased by 66% compared to the same period for 2020. The Index value was confirmed at 129.3 points (base: 2015 = 100).
The result is due to the positive performance of exports as well as orders received from the Italian market, the association said. A 68% increase was recorded in export markets, with the absolute value of the index reaching 125.5 points. Domestically, the upward trend in orders was more contained, but still significant with an increase of 54% compared to the first quarter of 2020, with an absolute value of the index at 164.1 points.
Commenting on the results, ACIMIT President Alessandro Zucchi said: “This significant increase in orders has to be compared to the results for the first quarter of 2020, when the pandemic started and production almost completely came to a halt. . “
“Still, these numbers are certainly encouraging,” Zucchi added. “Even if the pandemic is still not under control, especially in countries which are essential markets for our industry, such as India. Investments in the textile sector have therefore seen a rather uneven development. Without a plan of widespread vaccination worldwide, our populations remain limited in their movements, jeopardizing the possibility of seizing business opportunities in various markets. ”
“A future recovery is also threatened by rising commodity prices,” says the president of ACIMIT. “A significant growth trend is currently underway, starting last summer and continues to swell between late 2020 and early 2021. These price increases drive up input costs and, in the absence of price adjustment , the negative impacts for machine makers could be quite significant. “