Spanish textile turnover index rises 1.8% in March'14

The ITI in the garments sector also recorded a surge of 5.1 percent during the month of March, compared to the same month last year.

However, the ITI of the overall Spanish industrial sector registered a fall of 0.6 percent year-on-year, in the month of March 2014, which is 0.4 percent lower than that of the previous month.

According to the INE data, sub-sector wise the ITI in the preparation and spinning of textile fibres, manufacture of woven textiles and textile finishing sector, recorded a surge of 8.2 percent during the month of March, 2014, compared to the same month last year.

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, showed a rise of 8.6 percent during the month of March, compared to the same month in 2013.

Meanwhile, as per the New Orders Index (IEP) data from INE, the Spanish textile industry’s IEP registered a rise of 2.2 percent year-on-year, during the month of March 2014. The IEP in the garments sector, however, saw a decline of 3.1 percent year-on-year during the same month.

Sub-sector wise, the IEP in the preparation and spinning of textile fibres, manufacture of woven textiles and textile finishing experienced a jump of 13 percent, compared to the same month last year, whereas, the IEP in the manufacture of knitted fabrics, carpets, rope, nonwoven fabrics, and textile products for technical and industrial use as well as other textile products, saw an increase of 8 percent year-on-year during the same month.

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