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EU short-term business statistics

EU T&C evolution during the 2nd quarter of 2018

Continued growth of the EU T/C Industry, albeit at slower pace

Less positive views on the industry expectations for the months ahead

  

The EU textile industry continued to grow during the 2nd quarter 2018, albeit at a slower pace compared to the same period of 2017. The turnover upswing in the clothing industry is partly attributable to the dynamic exports activity. During the period, the T&C retail sales were unable to give much impetus to domestic activity. Finally, the labour market is improving in the textile industry, while it is still posing some challenges in the clothing sector.

 

2018 short-term outlook: In September, the EU industry confidence indicator¹ for the months ahead deteriorated in textile (by -1.0 points), driven by lower confidence of the current level of orders book and production expectations. Confidence in stock of finished products improved slightly. The industry confidence in the clothing sector remained broadly stable (at -0.3 points), due to more pessimistic manager’s short-term expectations on stock of finished products that were partly offset by more optimistic managers’ appraisals of their orders book levels and production expectations. 

* EU Commission’s survey: European business cycle indicators and Business Industry Survey (subsector database)

 

 

EU-28 Short-term business statistics

Variables

2nd Quarter 2018/2017

Textile

Clothing

Production +0.5 +0.0
Employment +1.7 -2.7
Turnover +1.9 +3.4
Retail sales +0.2
Extra-EU imports -3.1 +0.1
Extra-EU exports +2.1 +6.3
Trade deficit -19.3 -2.8
Source: Euratex on Eurostat data 

 

 

The full report is available exclusively to EURATEX members: see Statistics n°05/2018, Statistics in Focus n°36

For more info contact: roberta.adinolfi(at)euratex.eu

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