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Spanish textile industry turnover rises 11.6% in Oct'13
19
Dec '13
The turnover of Spanish textile sector increased 11.6 percent year-on-year in the month of October 2013, as per the Industrial Turnover Indices (ITI) data released by the National Statistics Institute (INE) of Spain. However, the ITI in the manufacture of apparel sector for the same month declined by 7.5 percent, compared to the same period last year.
 
The ITI of the overall Spanish industry, for the month of October 2013, also decreased by 5.1 percent, compared to the same month in 2012.
 
According to the INE data, sub-sector wise, the ITI in preparation and spinning of textile fibers, and manufacture of woven textiles, textile finishing, was the highest, which registered an increase of 1.2 percent year-on-year, during the month of October, whereas the ITI in the manufacture of knitted fabrics, carpets, rope, nonwoven fabrics, textile products for technical and industrial use as well as other textile products recorded a surge of 8.1 percent year-on-year, during the same month.
 
Meanwhile, as per the New Orders Index (IEP) data from INE, Spanish textile industry’s IEP increased by 12 percent in the month of October 2013, compared to the same period last year. However, the IEP in manufacture of garments plunged during the same month by 14.2 percent year-on-year.
 
Sub-sector wise, the highest IEP was recorded in the manufacture of knitted fabrics, carpets, rope, nonwoven fabrics, and textile products for technical and industrial use as well as other textile products, with a rise of 13.2 percent year-on-year in October 2013. 
 
The IEP in the preparation and spinning of textile fibers, and manufacture of woven textiles, textile finishing sector, also saw an increase of 10.5 percent in the month of October, compared to the same period last year.
 
The ITI measures the evolution of the prices of the industrial products sold in the foreign market, and of those originating in the rest of the world, whereas the IEP measures the monthly evolution of the future demand aimed at the industrial branches.
 

Fibre2fashion News Desk - India

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