The Slowdown in Chinese Market Declined the Sales

Considering the amount of the general index, the orders in the third quarter of 2013 declined by 7 percent compared to the previous three months according to an economic study conducted by ACIMIT

  17 November 2013 05:10 Sunday
The Slowdown in Chinese Market Declined the Sales

Italian machinery manufacturers having an effective position in the global market had painted a promising picture in the preliminary plans announced at the beginning of the year. However, the decline in the Chinese market, which is among the target countries, and the lack of self-confidence in Italy influenced negatively the improvements in investments. The orders in the export markets remaining stable in the period from April to June, decreased by 7 percent in the third quarter.

Making statements about the exports in 2013, Raffaella Carabelli, Chairwoman of ACIMIT, said: ''The exports are the best issue that we conduct. "A decline in orders abroad affects the performance of the entire sector.  What's especially worrisome is the slowdown in technology investments in China, which represents our primary foreign market. On other important foreign markets, the situation is much better, but it isn't enough to counterbalance the drop in China.  Further complicating this situation is the record high euro exchange, which penalizes our exports in markets such as India, Brazil and South Africa.".


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