Textile machinery orders grow in second quarter: A

ACIMIT, the Association of Italian Textile Machinery Manufacturers comprising or more than 300 manufacturers, according to data compiled, has announced that, the order index for textile machinery during the period from April to June has risen by 26 per cent compared to the same period in 2016. The value of the index stood at 117.3 points(basis: 2010=100).

Specifically, significant increase in orders was recorded for domestic market, where the index stood at an absolute value of 92.9 points(=66 per cent over April-June 2016). On foreign markets, the increase amounted to 22 per cent, and the absolute value of the index stood at 123.4 points.

ACIMIT president Alessandro Zucci said, “ The data confirms that a recovery is currently underway for our domestic market. This is the third consecutive quarter that the order index is on the rise.”