German textile machinery in the first quarter of 2012
In the first quarter of 2012 German textile machinery exports declined against the same quarter of 2011 by 6 % to EUR 713 million, thereof spinning machines accounted for EUR 317 million (+2.9 %), weaving machines for EUR 45 (-1.4 %), knitting and hosiery machines EUR 192 million (-27.4 %) and finishing machinery EUR 160 million (+13.8 %). Textile machinery in a value of EUR 392 million (-17.0 %) went to Asia and EUR 80 million (+63 %) to Latin America.
It has to be added that the 2012 first quarter order intake was below the comparable one of 2011 but still at a satisfactory level.