|EVOLUTION IN % |
*EU Commission’s survey: European business cycle indicators and Business Industry Survey (subsector database)
Data for the 1st quarter of 2019 were mixed. Industrial production in the textile & clothing sector continued to decline but at a lower pace, while Extra-EU exports continued to trend upward. The growth rate in the labour market deteriorated further in the textile and clothing industry. However, some positive signs coming from the textile turnover, retail sales and exports’ evolutions during the 1st quarter of 2019. Also on the positive side, confidence of managers improved slightly in the clothing industry.
2019 short-term outlook: In June 2019, the EU industry confidence indicator for the months ahead dropped in textile (by -2.3 points), due to lower confidence of the current level of orders book, of production expectations and stock of finished products. The EU industry confidence indicator for the months ahead recovered in clothing (by +0.6 points), mainly driven by higher confidence in stock of finished products, as managers consider the current stock to be too small. By contrast, the assessment of the current level of orders book and of production expectations deteriorated.
The full report is available exclusively to EURATEX members: see Statistics n°03/2019, Statistics in Focus n°39
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