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-28 Short-term business statistics
2nd Quarter 2018/2017
|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