Slowdown in Italian textile machinery orders

31/10/2013

Italy’s third-quarter textile machinery orders fell 7% during the third quarter compared with the previous quarter, according to the Association of Italian Textile Machine Manufacturers (ACIMIT).

ACIMIT president Raffaella Carabelli said: “The slowdown in the Chinese market is taking its toll abroad, whereas in Italy a general lack of confidence is hurting a recovery in investments.”