Milan - Sales of Italian yarns look to have dipped dramatically in 2009
with preliminary figures suggesting a drop in turnover of more than 17%.
With the final results for the fourth
quarter still to be confirmed, estimated figures for 2009 show total sales were ?2.412 billion compared to ?2.928 billion in
2008.
Interestingly, while there was an expected
drop in the total amount of yarn exports in light of last year?s economic
crisis, the major pressure on sales this time was from Italy?s
domestic sector, an area which in the past has proved to have greater reserves
of staying power than the export sector.
