ItalyTextile MachineryThe textile machinery orders index for the second quarter of 2023 compiled by the Economics Department of the manufacturers association ACIMIT fell sharply (-30%) compared to the period from April 2022 to June 2022. In absolute terms, the index is 85.1 points (2015 basis = 100).
This decrease is due to the decrease received by manufacturers in domestic and foreign markets due to a decrease in new orders. Orders from Italy fell by 21%, while orders from abroad fell by 31%. The absolute value of the index in foreign markets is 81.9 points, while in Italy it is 117.2 points.
New orders in the second quarter are guaranteed for 4.1 months. ACIMIT data also shows that Italian manufacturers’ capacity utilization rate was 70% in the first half of 2023. This ratio is expected to remain stable in the second half of the year.
Marco Salvadè, President of ACIMIT, said: “The first draft of our Economic Sector The order index for the second quarter clearly shows that new orders in Italy and abroad have declined compared with last year. However, the decline that usually precedes events such as ITMA, the international textile machinery exhibition held in Milan last June, is already continuing part of several quarters of negative trends.”
Uncertainty It seems to have put heavy pressure on overseas markets. Foreign trade statistics as of the first quarter of 2023 show that Italy’s sales in some important reference markets such as Turkey, China, the United States and Pakistan have slowed down.
“More than 400 Italian companies participating in ITMA gave positive feedback feedback. It is now necessary to allow the many contacts made during the event to materialize and allow demand for machinery in the main textile machinery markets to resume growth,” added Marco Salvadè.
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