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Spanish textile industry price index rises 0.2% in Mar'14
28
Apr '14
The Spanish textile Industry Price Index (IPRI) for the month of March 2014, registered a rise of 0.2 percent, compared to the same month last year, as per the data released by the National Statistics Institute (INE) of Spain.

The IPRI registered in the Spanish textile industry during the month of March, is slightly lower than the IPRI recorded in the textile industry during the month of February, 2014.

Meanwhile, as per the INE data, the IPRI in the Spanish apparel segment saw a decline of 0.8 percent during the month of March, compared to the same month in 2013.

The IPRI of the overall manufacturing industry in Spain, which includes manufacturing of textile and clothing, also registered a decrease of 2.1 percent, during the month of March, compared to the same month last year.

Overall, the annual rate of IPRI for the month of March, dipped by 1.2 percent, which is more than one point and a half over that registered in February 2014, as per the INE data.

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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