Year 2017:The textile industry continued to grow, in particular towards the end of the year,
but gloomy managers' expectations for the months ahead
The EU textile industry evolution improved further in 2017, in particular during the last quarter of the year, thanks to its quality, productivity, flexibility and innovation. On the contrary, the disruptive trends observed in the clothing industry strengthened throughout 2017. Similarly, the labour market trends showed a mixed picture between the upstream and downstream sectors in the value chain. The solid dynamics in the textile industry are also attributable to the upsurge of T&C retail sales and from the external sector, as exports expanded at a robust pace since the beginning of the year.
In March 2018, the EU Business Climate Indicator* worsened markedly in both textile and clothing industries, with respectively -4.5 and -2.8 points. The marked decrease in industry confidence resulted from managers more pessimistic views on all three components, i.e. production expectations, the current stock of finished products, and the overall order books. Managers’ confidence of their export order books level and of employment expectations for the months ahead, which are not included in the confidence indicator, deteriorated too.
EU-28 Short-term business statistics
|Source: Euratex on Eurostat data|
Full report: see Statistics n°01/2018, Statistics in Focus n°34
For more info contact: roberta.adinolfi(at)euratex.eu