In the first quarter of 2020, the orders intake of Italian textile machinery registered a sharp drop. The index of orders intake for textile machines drawn up by ACIMIT, the Association of Italian Textile Machinery Manufacturers, for the period from January to March 2020 fell by 31% compared to the same period of 2019.
‘’The Italian Machinery Observed a Decrease Compared to 2019’’
ACIMIT President Alessandro Zucchi said in his statement on the topic, "The orders index sank compared to 2019’’ and continued his speech with the following, ‘’ In 2019 the Italian textile machinery industry observed a decrease both in production and in exports compared to the previous year."
Following a difficult year, the Italian textile machinery had to face Covid-19 pandemic, which led, as a first consequence, to the slowdown of the main markets in the sector, China, Turkey and India, in the first month of 2020.
General information on Italy’s textile machinery sector and ACIMIT
ACIMIT represents an industrial sector that comprises roughly 300 manufacturers (employing around 12,000 people), which produce machinery for an overall worth of around 2.3 billion euros, of which 82% are exported. Creativity, sustainable technology, reliability and quality are the hallmarks that have made Italian textile machinery worldwide leaders.
