ITALY: Italian textile machinery still recovering though slower

Italy: Over the third quarter of 2010, orders for Italy's textile machinery manufacturers slowed their course somewhat, following the steady recovery underway during the year's first two quarters, according to economic trend surveys conducted by ACIMIT (the Association of Italian Textile Machinery Manufacturers). 

The surveys reveal that orders of textile machinery for both the domestic and foreign markets appear to have dropped off, by -17% and -2% respectively, in the third quarter, compared to the previous quarter. The overall index generated is 152.7 points, a 4% decrease with respect to the second quarter, but remains nonetheless higher than index values recorded in 2009. 

The race to attain order placements matching pre-crisis levels thus appears to have been momentarily put on hold this past quarter. Abroad, the slowdown effectively seems to be just a pause, following strong growth in orders recorded between end of 2009 and the first few months of 2010. 

"The worst of the crisis is now behind us, but there's still a great deal of uncertainty for the future. Euro's continued strength and higher prices for raw materials are obviously worrisome signs for manufacturers, and especially for exporters, as is the case for companies in our sector," notes Sandro Salmoiraghi, President of ACIMIT. 

Send your News/Releases for publication to [email protected]
Added: November 18, 2010 Source: YNFX
Start script - 1519198507.51 Start news id check - 1519198507.5101 After news id check - 1519198507.5105 After cookie_code - 1519198508.0568 Before news detail - 1519198508.0569 After news detail - 1519198508.0575 Start cat select - 1519198508.0576 After cat select - 1519198508.0578 before preg replace - 1519198508.0578 After preg replace - 1519198508.0579 Before tag engine - 1519198508.0579 After tag engine - 1519198508.0615 Before mptt engine - 1519198508.0615 After mptt engine - 1519198508.0615 Before related engine - 1519198508.0615 After related engine - 1519198508.062 Before update hits - 1519198508.0621 After update hits - 1519198508.0623 After update news_hits - 1519198508.0632 After mem_only_views - 1519198508.0632 -------------------------------------------------- Total Exec time:- 0.55320000648499
AddThis Social Bookmark Button   Tell a friendBookmark AddThis Feed Button
Related News:

Website design by InWiz • © - 2000-2018. Internet Wizards All rights reserved. About usTerms & ConditionsDisclaimerPrivacy policy • 21-02-2018