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Spanish textile production declines in June
Aug '11
The Spanish textile industry showed an 11 percent decline in production activity in June 2011, compared to the same month last year, according to the data of the National Statistics Institute (INE).

This is the most significant fall in the textile industry's Industrial Production Index (IPI) since late 2009, when the industry last witnessed double-digit declines. The textile industry fared worst among the production indices in June. The entire Spanish industry saw a year-on-year decline of 2.7 percent in manufacturing activity.

In the first six months of 2011, the textile industry showed an average increase in manufacturing by 0.4 percent, which is little less than the 0.6 percent increase witnessed in the entire industrial output.

The rate of production in the apparel sector too dropped by 6.2 percent in June, compared to a drop of 0.4 percent in May. In the first half of the current year, the sector saw an average decrease of 9.8 percent in its production activity.

Fibre2fashion News Desk - India

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