Italian Textile Machinery: Orders Intake Drops In Second Quarter 2020

The index of orders intake for Italian textile machinery, as compiled by ACIMIT, fell by 47% for the period April-June 2020, compared to the same period in 2019, with orders falling both abroad and in Italy. A 44% decrease in orders was recorded in foreign markets, whereas the domestic market showed a 62% drop compared to the second quarter of the previous year. ACIMIT President Alessandro Zucchi commented, “The lockdown of production units in April heavily influenced the orders intake, and a deep concern remains for the upcoming months.” “On reopening, our manufacturers worked to process