Textile machinery: Another drop in orders for third quarter 2020

Orders on foreign markets declined by 31%, with an absolute index value of 68.2 points. However, an increase of 20% was recorded domestically compared to the third quarter of 2019, with an absolute index value of 112.6 points.

Alessandro Zucchi, president of ACIMIT, commented as follows: "The ongoing pandemic has hit our sector hard, since it is traditionally driven by exports - in fact, over 80% of our machinery is exported.

The severe restrictions placed on travel, especially abroad, not to mention the uncertainty on the timing of a return to normal business conditions due to the current difficulties in containing Covid-19, strongly affect production activity for the entire industry."