Spanish textile industry turnover dips 9% in June'13

19 Aug '13

2 min read

The Spanish textile industry turnover has continuously registered a dip for two consecutive months in May and June 2013.

According to the data released by the National Statistics Institute (INE), the Turnover Index (BCI) of the textile industry in June 2013 recorded a decrease of 9 percent, after the fall in May when it registered a decline of 3.6 percent.

The decline in textile industry turnover is the largest compared to the average turnover of the Spanish industrial sector, which fell by 4 percent in the month of June 2013.

Contrary to the textile industry, the turnover of garment manufacturing sector in Spain rose by 3 percent in the month of June, compared to a dip of 1.7 percent in May 2013.

According to a separate data released by the INE, the New Orders Index (IEP) of industries related to the Spanish apparel sector grew unevenly in the month of June, 2013.

The IEP of the clothing industry recorded an increase of 15.4 percent whereas the IEP of textiles registered a decrease of 2.4 percent.

The IEP in manufacturing of knitted fabrics, carpets, rope, non-woven fabrics, textile products for technical and industrial use, as well as other textile products also decreased by 0.9 percent.

In June 2013, the textile sector production also fell by 5.4 percent year-on-year, according to the Industrial Production Index (IPI) data released by INE.

Fibre2fashion News Desk - India

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