Global fabric stocks were up by +0.5% due to higher inventories in South America (+2.4%), and Asia (+0.5%), while inventories in both Europe and North America decreased by -2.0% and -0.4%, respectively. Year-on-year, global fabric inventories increased by +1.0%. This was due to higher fabric stocks in South America (+7.8%) and despite lower fabric stocks in North America and Asia with reductions of -10.7% and -6.7%, respectively.Yarn orders in both Europe and Brazil were down in Q3/2012 compared to the previous one by -2.9% and -3.3%, respectively. Year-on-year yarn orders rose in Europe by +5.3% but fell in Brazil by -3.6%.
In Brazil and Europe fabric orders in the Q3/2012 decreased by -7.2% and -2.2%, respectively. On an annual basis fabric orders fell with Europe recordign a drop of -6.9% and Brazil of -3.7%.
Estimates for 4/2012 as well as Outlook for 1/2013 for Global Yarn and Fabric Production Are StableOutput of global yarn production rose in #
International Textile Manufacturers Federation (ITMF)