The order index for textile machinery prepared by ACIMIT, the Association of Italian Textile Machinery Manufacturers, for the period from January to March 2018 dropped 12 per cent compared to the same period for 2017. The decline mainly affected textile machinery orders for the domestic market, while the drop was more contained in export markets. The value of the index for the first quarter of 2018 stood at 104.8 points (basis: 2015=100). For the Italian market, the index was at 94.1 points, 22 per cent less than the first quarter for 2017. In foreign markets, the index registered 107.2 points.

“In Italy, we had a rebound effect following the heavy investments made during 2017. The first three months of this year were characterised by a physiological slowdown that doesn’t concern our manufacturers who are used to processing an order portfolio of over four months,” said Alessandro Zucchi, President of ACIMIT, which represents an industrial sector comprising around 300 manufacturers. Terming the situation in export market as positive, Zucchi said, “For 2018, conditions remain for consolidating the growth trend, as evidenced by the good results obtained at recent trade fairs held in different countries, at which many of our manufacturers participated.”