Weakening Italian textile machinery orders July to September
The decreasing level of new orders for Italian textile machinery (as well as for other nations) in the second quarter of 2011 has accelerated during the third quarter
According to ACIMIT the umbrella organisation of Italian textile machinery manufacturers reports that the overall order index dropped in the third quarter 2011 by 45 % to 70.8 points in comparison with the same period of 2010. Exports lost 46% to a level of 75.3 points and also the orders from the domestic marked decreased by 39% to 60.4 points. But there is hope that the first impact of ITMA Barcelona will make up a bit for the fourth quarter of the ongoing year.
The ACIMIT survey amongst its members is a mixed bag because 63% of the respondents believe that order levels in the export segment remain stationary for the last quarter of this year and three percent believe in a decreasing level but 34% are optimistic and bet on an increasing level of orders (thanks to the optimism voiced by customers at ITMA in Barcelona).
We all know of the political and economical problems Italy has to face and this is also rubbing off on the estimation of the domestic order level: 85% expect a stationary level, 13% an increasing order level and 2% are pessimistic and expect decreasing orders.