Growing Chinese textile machinery orders create confidence for Italian manufacturers
12/02/2016
Orders grew during the fourth quarter of 2015, mainly due to a boost in exports to foreign markets, according to the Association of Italian Textile Machinery Manufacturers (ACIMIT).
ACIMIT president Raffaella Carabelli said: “I believe it’s important to have closed out 2015 with an overall increase in the order intake. This is a positive result that may be further strengthened over the first half of 2016 if the numerous contacts confirmed at ITMA 2015 materialise.”
However, orders from Italy fell 11% during the fourth quarter compared with the same three months in 2014.
“As for the domestic market, we weren’t expecting this sort of setback after two positive quarters. However, the year-end trade fair has confirmed the many signs of recovery, even for Italy, which now need to be verified in early 2016.
“We witnessed a recovery in the Chinese market for the second half of 2015, and generally speaking, the Asian markets account for growth in our sales (India, Bangladesh, Pakistan and Vietnam).”
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