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ACIMIT: strong decline in orders in Q1/2020

In the 1st quarter of 2020, the orders intake of Italian textile machinery registered a sharp drop. The corona pandemic impacts heavily on the sector. The consequences on the orders will be more negative in the 2nd quarter 2020.
The index of orders intake for textile machines drawn up by Association of Italian Textile Machinery Manufacturers (ACIMIT), Milan/Italy, for the period from January - March 2020 fell by 31% compared to the same period of 2019. The index value stood at 72.2 basis points (2015 = 100).
Orders intake was negative both on foreign markets and in Italy. In the foreign markets orders were down 26%, while on the domestic market they marked -57% compared to the first quarter of 2019.
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.


dfv media group
More information: ACIMIT