Source: Euratex
After encouraging performances through the year 2007, the analysis of economic trends of the T&C industry in 2008 shows a notorious setback which deepened since the autumn following the financial and economic crises. Globally, the textile sector was more affected by the decline in the domestic & external demand. The sluggish World demand, the difficulties faced by some "textile end-users" sectors (i.e. construction, automotive, housing) in combination with the increasing production costs was detrimental to the textile industry. The performances of the clothing sector seem to be less disastrous which proves the greater flexibility of this industry.
The presentation was presented in the General Assembly on 5th June 2009
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