Despite a brightening of the EU economy, T&C activity in the EU lost dynamism in particular towards the end of the year. Looking at the basket of qualitative indicators from the Commission business surveys in March 2017*, suggests more positive business short term prospects in both sectors.
In 2016, textile and clothing moved in opposite directions: textile activity improved, while activity in the clothing industry showed no signs of recovery. Furthermore, 2016 saw the slowest growth in exports since the financial crisis, while the retail turnover development was less dynamic than in previous year, recording a modest growth.
* EU Commission’s survey: European business cycle indicators and Business Industry Survey (subsector database)
EU-28 Short-term business statistics
|Source: Euratex on Eurostat data|
Full report: see Statistics n°01/2017, Statistics in Focus n°30
For more info contact: roberta.adinolfi(at)euratex.eu