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Mauritius textile sector to slowdown in 2012
01 Oct '12
1 min read
The output of the textile industry, including the apparel sector, in the Indian Ocean island nation of Mauritius is likely to decline this year, according to a report released by Statistics Mauritius, the central statistics department of the country.
The report cites a slowdown in the country’s economy and predicts negative growth in various industrial sectors, including textiles.
The textile industry is expected to witness an overall decline of 2.7 percent year-on-year in 2012, compared to an 8 percent year-on-year growth achieved in 2011, the report states.
Statistics Mauritius has downwardly revised the country’s growth forecast for this year from 3.8 percent year-on-year predicted earlier to little over 3 percent year-on-year.
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