Acimall reports drop in orders of woodworking machinery

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Acimall/Fordaq
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A strong decrease of orders of woodworking machinery and tools (-39.2% compared to the same period of last year) was reported for April to June 2020 by the members of Acimall due to the lockdown in April and a slow, gradual recovery of manufacturing operations in May. International demand fell by 34.2% and the domestic one by 59.2%. The orders book extended across 2.4 months (versus 2.6 in Q1) and, since the beginning of 2020, prices have increased by 0.5% (0.8% at the end of March 2020).

For the Italian wood-furniture technology companies the month of June was "fully operational", but it could not save the final result of the quarter, deeply affected by massive layoffs and remote working, which inevitably changed the organization model of most companies. Better times ahead are expected, both from the domestic market and from abroad, but only 7% of the companies indicate a positive production trend (versus 12% in Q1), while 86% reported decreasing production (versus 69%); the remaining 7% indicate a stable situation (versus 19%).

Surprisingly, employment is "holding on": at the end of the first quarter 2020, 69% of companies expected a decrease in employment, now this figure has gone down to 47%, while 53% believe the employment trend will be stable (versus 75% three months ago). No one expects a positive trend for employment.

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