T&C industry evolution during the third quarter of 2020 and short-term prospects
The industrial activity in the T&C sector showed some signs of improvement in the 3rd quarter of 2020, despite a negative trend. With the EU in a partial lockdown, the recovery is expected
to lose steam in the final three months of the year.
In the third quarter 2020, the coronavirus pandemic had a negative impact on the EU economic activities in almost all economic sectors, despite the lifting of most lockdown measures. After an unprecedented T&C activity plunge in the previous quarter, there was a clear improvement compared to the second quarter, even if the signs of recovery noticed since May, are now slowing down.
In November, the EU industry confidence indicator* for the months ahead continued to slightly improve in the textile industry, driven by managers’ better business expectations, but strongly deteriorated in clothing.
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