Domestic market saves Italian machinery manufacturers in Q1
13/05/2019
An 84% increase in domestic orders offset a decline of 11% in orders from foreign markets.
ACIMIT president, Alessandro Zucchi, said of orders from within Italy: “The domestic market is experiencing a dynamic showing similar to late 2017. Investments in the textile sector have benefitted from the push towards a greater degree of digitalisation in production processes, thanks to the fiscal incentives.”
He blamed the slowdown in orders from foreign markets on “a deep-rooted feeling of uncertainty currently permeating the global economy with multiple pressures on global trade in different geographical areas.”
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