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Spanish textile industry turnover rises 4.9% in Dec'13
19
Feb '14
The turnover of the Spanish textile industry registered an increase of 4.9 percent in the month of December 2013, compared to the same month in 2012, as per the Industrial Turnover Indices (ITI) data released by the National Statistics Institute (INE) of Spain.
 
The ITI in the manufacture of garments sector recorded a surge of 5.5 percent during the month of December 2013, compared to the same month in 2012.
 
The ITI of the overall Spanish industrial sector registered a fall of 2.6 percent year-on-year, in the month of December 2013, which is two points below the ITI recorded in November 2013.
 
According to the INE data, sub-sector wise the highest increase in the ITI was seen in the in the manufacture of knitted fabrics, carpets, rope, nonwoven fabrics, textile products for technical and industrial use as well as other textile products, which recorded an increase of 6.9 percent in the month of December 2013, compared to the same month in 2012. The ITI in the preparation and spinning of textile fibres, manufacture of woven textiles and textile finishing, registered an increase of 2.2 percent year-on-year in the month of December last year.
 
Meanwhile, as per the New Orders Index (IEP) data from INE, the Spanish textile industry’s IEP recorded a surge of 6.7 percent during the month of December 2013, compared to the same month in 2012. The IEP in the manufacture of apparel sector saw a rise of 14.3 percent year-on-year during the same month.
 
Sub-sector wise the highest IEP was registered in the manufacture of knitted fabrics, carpets, rope, nonwoven fabrics, and textile products for technical and industrial use as well as other textile products, which recorded a rise of 8.7 percent in the month of December 2013, compared to the same month in 2012. The IEP in the preparation and spinning of textile fibres, manufacture of woven textiles and textile finishing registered a surge of 4 percent year-on-year during the same month.
 
The IEP of the overall Spanish industry stood at 4.6 percent in the month of December 2013, which is seven points higher than the IEP registered in November 2013.
 
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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