Slowdown in the EU T/C Industry
But improved managers' short-term expectations in the textile industry
The EU textile industry have trended downwards during the 3rd quarter 2018 on the production and turnover side, despite a dynamic export activity. During the period, the T&C retail sales were unable to give much impetus to domestic activity. Finally, the labour market was stagnating in the textile industry, while it was still challenging in the clothing sector.
2018 short-term outlook: In December, the EU industry confidence indicator¹ for the months ahead improved in textile (by +2.1 points), driven by higher confidence of the current level of orders book and production expectations. Confidence in stock of finished products worsened slightly. The more pessimistic industry confidence in the clothing sector (-0.5 points) resulted from a deterioration of manager’s short-term expectations on their orders book levels, being only partially offset by an improvement of their appraisals of stock of finished products and production expectations.
EU-28 Short-term business statistics
3rd Quarter 2018/2017
|Source: Euratex on Eurostat data|
The full report is available exclusively to EURATEX members: see Statistics n°07/2018, Statistics in Focus n°37
For more info contact: roberta.adinolfi(at)euratex.eu