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Spanish textile industry turnover falls 1.7% in Feb'14
24
Apr '14
The turnover of the Spanish textile industry registered a decline of 1.7 percent in the month of February 2014, compared to the same month in 2013, as per the Industrial Turnover Indices (ITI) data released by the National Statistics Institute (INE) of Spain.

The ITI in the garments sector, however, recorded a surge of 4.8 percent during the month of February, compared to the same month last year.

The ITI of the overall Spanish industrial sector registered a fall of 0.2 percent year-on-year, in the month of February 2014, which is more than half a point 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 1.2 percent during the month of February, 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 0.5 percent during the month of February, compared to the same month in 2013.

Meanwhile, as per the New Orders Index (IEP) data from INE, the Spanish textile industry’s IEP also registered a decline of 1.2 percent year-on-year, during the month of February 2014. The IEP in the garments sector saw a surge of 7 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 no change in the month of February, 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 a decline of 1.2 percent year-on-year during the same month.

The IEP of the overall Spanish industry decreased by 0.4 percent in the month of February 2014, which is eight points higher than the IEP registered in January 2014.

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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