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Spanish textile industry production rises 9.8% in Sept'13
12
Nov '13
The production of textile industry in Spain registered an increase of 9.8 percent year-on-year, for the month of September, 2013, as per the latest Industrial Production Index (IPI) data released by the National Statistics Institute (INE).
 
According to the INE data, the surge in the textile sector IPI recorded in the month of September 2013 is an improvement compared to the decline of 15.1 percent year-on-year registered in August, 2013, which was the highest drop observed this year.
 
The IPI in the manufacture of apparel sector also continued the upward trend with an increase of 12.8 percent in the month of September, 2013, compared to the same period last year.
 
The IPI of the overall Spanish industry for the month of September also increased by 3.5 percent year-on-year, which is contrast to the 4.2 percent decline registered in the month of August, 2013.
 
However, sub-sector wise, the IPI declined in manufacturing of fashion apparel by 18.8 percent year-on-year in the month of September, 2013, whereas the IPI remained unchanged at 0 percent in the manufacture of textile fabrics during the same month.
 
The highest increase in IPI was recorded in the manufacture of articles of fur sector, with a rise of 25.2 percent year-on-year, followed by textiles finishing sector which registered an increase of 15.4 percent year-on-year, preparation and spinning of fibers rose 13.2 percent, and manufacture of other textiles recorded a surge of 10.3 percent, compared to the same month last year.
 
The IPI measures the monthly progress and productivity of industries, including extractive industries and the manufacturing sector. This indicator reflects only the quantity and quality of production, eliminating the influence of prices. This methodology is fully harmonized with the European Union countries.
 

Fibre2fashion News Desk - India


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