ACIMIT Announced Orders at the Beginning of 2018
The order index for textile machinery elaborated by ACIMIT, the Association of Italian Textile Machinery Manufacturers, for the period from January to March 2018 dropped 12% compared to the same period for 2017. The value of the index came in at 104.8 points.
This decline mainly affected orders for the domestic market. Indeed, in Italy the index came in at an absolute value of 94.1 points, that is, 22% less than the first quarter for 2017. In foreign markets, the drop was more contained (-9%) and the absolute value of the index registered 107.2 points.
ACIMIT President Alessandro Zucchi does not appear to be too worried by these results for the first three months of the year:
“In Italy, we had a rebound effect following the heavy investments made during 2017. The first three mont