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Italian textile machinery orders increased 66% in the first quarter of 2021

Based on the strong performance of orders from overseas and the Italian domestic market, the textile machinery orders index for the period January-March 2021 increased by 66% compared to the same period in 2020. Data edited by ACIMIT, the Italian Textile Machinery Manufacturers Association.

ACIMIT has set the index value for the first quarter of 2021 to 129.3 points (base: 2015 = 100).

The overseas market recorded a 68% increase, with the absolute index reaching 125.5 points. Domestically, the upward trend in orders was more restrained, but still significant (+ 54% compared to the first quarter of 2020), with an absolute index of 164.1 points.

“This significant increase in orders should be compared to the results of the first quarter of 2020, when the pandemic began and production almost completely stopped,” said ACIMIT President Alessandro Zucchi.

“Still, these numbers are certainly encouraging,” Zukki added. “The pandemic is not yet controlled, especially in countries that are an integral part of our industry, such as India. Therefore, investment in the textile sector is fairly volatile. Recovery. Widespread worldwide. Without a good vaccination plan, our people remain constrained and jeopardize the potential for business opportunities in different markets. “

“Rising raw material prices are also threatening future recovery,” Zukki said. “Currently, there is a significant growth trend, starting last summer and continuing to rise from late 2020 to early 2021. These price increases are pushing up input costs and, in the absence of price adjustments, machinery. It can adversely affect the manufacturer. It is very important. “

Fiber2Fashion News Desk (RKS)

Based on the strong performance of orders from overseas and the Italian domestic market, the textile machinery orders index for the period January-March 2021 increased by 66% compared to the same period in 2020. Data edited by ACIMIT, the Italian Textile Machinery Manufacturers Association.



Italian textile machinery orders increased 66% in the first quarter of 2021

Source link Italian textile machinery orders increased 66% in the first quarter of 2021

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