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EU-27 T&C sector records 1.2 % revenue growth
29
Jul '08
According to data available with the enterprise & industry section of the European Commission total employment levels in the textile and clothing sector within the EU-27 countries totaled 2,474,932 in 2007 resulting in a loss of 6.4 percent employment compared to 2006.

The total number of firms registered from the textile industry is 175,830 in 2007 and the combined turnover of all the companies reached Euros 211.3 billion in 2007.

The year on year growth in revenues recorded a marginal growth of 1.2 percent corresponding to 2006.

The investments made in the industry touched Euros 5.6 billion which translated in to a growth of just 0.9 percent in 2007, when evaluated against figures of 2006.

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Fibre2fashion News Desk - India


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