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Spanish textile industry price index rises 0.8% in Feb'14
26
Mar '14
The Industrial Price Index (IPRI) for Spanish textile industry increased by 0.8 percent year-on-year in February 2014, according to the data released by the National Statistics Institute (INE). The IPRI registered in the month of February is slightly lower than the IPRI recorded in the month of January, 2014.

Meanwhile, as per the INE data, the IPRI in the apparel segment saw a decline of 1 percent in the month of February 2014, compared to the same month last year.

The IPRI of the overall manufacturing industry of Spain, which includes the manufacturing of textiles and apparel, also saw a decrease of 2.4 percent in the month of February, compared to the same month in 2013.

Overall, the annual rate of the IPRI for the month of February fell by 2.9 percent, which is one point below the IPRI registered in January 2014.

IPRI measures the monthly change in prices of industrial products manufactured and sold. The index measures ex-factory selling prices that do not include expenses incurred on marketing, transportation and value-added tax (VAT).

The INE is the official organization in Spain that collects statistics about demography, economy, and Spanish society. It is an autonomous organization in Spain responsible for overall coordination of statistical services of the General State Administration in monitoring, control and supervision of technical procedures.

Fibre2fashion News Desk - India

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