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The Italian Woodworking Machinery and Tools Manufacturers' Association, Acimall, released results from a quarterly survey of the Italian woodworking industry, which showed mixed results for Italy's foreign and domestic markets.
The Italian woodworking machinery and tools industry recorded a 0.4 percent increase in orders during the period from April to June 2011, compared to the same period of last year in 2010. Foreign orders grew 15.6 percent, while domestic demand fell 31.5 percent.
According to the quality survey, 30 percent of companies indicated a positive production trend, 40 percent stable and 30 percent decreasing. In the short term, 40 percent of survey respondents said they expect increasing orders from abroad, while 53 percent predict stationary orders and 7 percent expect falling orders. Domestically, 37 percent of respondents predict the Italian market to shrink, 43 percent expect it to remain stable and 20 percent expect an expansion.
“The situation does not suggest a consolidation of stability. The Italian wood industry is still suffering, the situation is difficult, not to say critical, and investments are postponed," said Ambrogio Delachi, Acimall president. "Foreign markets are giving more satisfaction, as usual, despite new worries generated by the decision to cancel the Italian Foreign Trade Institute Ice. It is essential for 'made in Italy' to have adequate support and resources, as export is a vital asset for the entire country.”