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Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
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Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
Download Now
Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
Download Now
Industry afflicted by low productivity syndrome
09 Nov '05
1 min read
Continuing to deliver lower outputs, Portuguese textile industry showed a 9.9 percent annual drop in September, an eighth successive month of sharp decrease.
According to the PNSI Index of Textile Output (2000=100, Seasonally Adjusted), production in September was down 76.5, slightly above the record low of 73.7 in July.
Reduced local demand has led to a sharp drop in Portugal's apparel output, industry sources say. Moreover, industry is also facing a challenge from imported yarns.
Average of monthly textile production during Jan-Sept period reached 79.7, which showed a 6.3 percent annual drop.
2005 is the fourth year in succession that suffers decline in textile production even as output in 2003 was 7.4 percent, while it was 6.1 percent in 2004.
According to the PNSI Index of Textile Output (2000=100, Seasonally Adjusted), production in September was down 76.5, slightly above the record low of 73.7 in July.
Reduced local demand has led to a sharp drop in Portugal's apparel output, industry sources say. Moreover, industry is also facing a challenge from imported yarns.
Average of monthly textile production during Jan-Sept period reached 79.7, which showed a 6.3 percent annual drop.
2005 is the fourth year in succession that suffers decline in textile production even as output in 2003 was 7.4 percent, while it was 6.1 percent in 2004.
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