The value of the index stood at 119.8 points (basis 2015=100). This growth has concerned both the Italian and foreign markets, with an increase in domestic orders of 130% compared to the same period in 2020, and up 54% for foreign orders.
Summer Break Causes a Decline in Orders Compared to the Previous Quarter
However, the index of orders intake shows a -17% drop when compared to the previous quarter this year, due mainly to the summer break and a demand for machinery that has stabilized over the last few months.
ACIMIT President Alessandro Zucchi says regarding these figures, “Overall, the numbers for new orders remain positive, in spite of a slight decline compared to the months prior to the summer period. This proves that Italian companies have been capable of responding quickly to new market conditions, as has often happened in other historical periods. The ability to adapt, coupled with a remarkable flexibility, are part of our DNA as Italian businesses, not just in our specific sector”.
‘’We have positive outlook about sales intake until the end of the year’’
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 difficulties are not yet entirely behind us’’
ACIMIT’s President concludes: “The resumption in trade show attendance we’ve witnessed has improved the climate of confidence among companies. However, we need to make the most of this moment, since the difficulties are not yet entirely behind us. In particular, we must continue on the path of digitalisation and sustainability”.
Hosting ITMA Once Again
Meanwhile, ITMA 2023, the world's leading textile machinery exhibition scheduled to be held in Milan, was officially launched. Following the success of 2015, the 2023 edition was again to be held in Milan, as previous edition was taking place in Barcelona in 2019, regarded as a main spot. Participating companies at the event with a high level of innovation displays will support the major event to host the fair once again.
