In the second quarter 2015, Italian woodworking technology orders have increased, as further evidence of the positive trend that characterized last year. So, a new wind of optimism can be noticed, although there are still many critical issues that might cause the trend to reverse. The first factor is the enduring stagnation of demand in the domestic market: Italian economy, according to a widespread vision, seems to be heading for a new, more satisfactory season, although technology investments are lagging behind this trend.<\/p>\n
Furthermore, some foreign markets are not so interested in Italian machinery: Russia is still a closed market, as a matter of fact, while worries are spreading \u2013 partially influenced by official statements by Chinese authorities in recent weeks \u2013 for the impact that the yuan devaluation policy might have on global markets.<\/p>\n
This is the scenario for the results of the periodical survey by the Studies Office of Acimall, the Confindustria-member association that represents the manufacturers of woodworking technology, tools and accessories, an excellence of \u201cmade in Italy\u201d.<\/p>\n
The survey \u2013 involving a significant statistic sample in terms of company size and product categories \u2013 indicates that orders increased by 5.3 percent compared to the April-June period in 2014. Orders from the domestic market in the second quarter 2015 decreased by 11.9 percent from the same period of last year.<\/p>\n
Strong 15.9 percent growth for foreign orders, despite the problems mentioned in two major destination markets for this industry.<\/p>\n
According to Acimall estimates, the book of orders spans 2.8 months (versus 3 in the previous quarter); since the beginning of the year, prices have increased by 0.8 percent, as against 0.9 percent in the first quarter.<\/p>\n
Quality survey<\/strong><\/p>\n According to 57 percent of the sample, the production trend is positive, while it is stable for 38 percent and decreasing for 5 percent. So, there is more satisfaction compared to the January-March 2015 period, when \u201cpositive thinking\u201d was shared by 27 percent only, while 55 percent expected substantial stability and 18 percent feared further reduction.<\/p>\n Stable outlook for employment, with 62 percent expecting no variation, 14 percent increase and 24 percent reduction). Available stocks are increasing according to 33 percent of interviewees, stationary for 62, decreasing for 5 percent.<\/p>\n Forecast survey<\/strong><\/p>\n In its survey, Acimall Studies Office gives useful hints about the predominant \u201cfeelings\u201d of Italian companies.<\/p>\n Once again there is substantial confidence in the results that can be achieved abroad, while worries are increasing for the domestic market, as witnessed by the negative balance of the opinion poll after two months of moderate optimism also on the home front.<\/p>\n According to 38 percent of the sample, foreign orders will increase again in the next quarter. Substantial stability is the expectation of 52 percent, while 10 percent see further reduction (positive balance 28).<\/p>\n As mentioned, the balance on the Italian market is negative by 4 points, resulting from 14 percent expecting a further shrinkage of domestic orders, 76 percent expecting a stable trend and only 10 percent with an optimistic outlook.<\/p>","protected":false},"excerpt":{"rendered":" In the second quarter 2015, Italian woodworking technology orders have increased, as further evidence of the positive trend that characterized last year. So, a new wind of optimism can be noticed, although there are still many critical issues that might … Continue reading