FIRST QUARTER 2020 DATA NEGATIVE FOR THE WOOD-FURNITURE TECHNOLOGY INDUSTRY

18 June 2020

Unfortunately, the analysis of data collected by the Studies Office of Acimall, the Confindustria-member association representing the Italian wood-furniture technology industry, was not surprising and confirmed an immediate impact of the lockdown caused by the Covid19 pandemic. The first quarter 2020 closed with a widespread reduction of woodworking machinery and tool orders, a two-digit decrease that involved all global markets, though with some delay.

The quarterly survey – which involves a representative sample of the entire industry – has revealed a strong reduction of orders, by 21.1 percent compared to the same period of 2019. The slight delays mentioned above have probably mitigated the impact for international customers, down by 19.4 percent, which is not so bad as the minus 25.3 result recorded by domestic demand.

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