Activity continues to decline in the textile sector, though less sharply than previous quarter.
Good retail sales and export performances
|EVOLUTION IN % |
3rd quarter 19/20
Data for the 3rd quarter of 2019 showed declining trends in the textile and clothing sector activity, as compared with the same period of the previous year. However, the decline of industrial production and textile employment is softening since the previous quarter. Some positive signs are also coming from the retail sales and exports’ evolutions which trended upward and from the slightly recovery of confidence from managers in the clothing industry.
2019 short-term outlook: In November, the EU industry confidence indicator* for the months ahead was more optimistic in the clothing industry but deteriorated further in the textile industry, going below its long-term average.
*EU Commission’s survey: European business cycle indicators and Business Industry Survey (subsector database)
The full report is available exclusively to EURATEX members: see Statistics in Focus n°41, available on the EURATEX Members Area
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