Euratex
Recovery of European textile and apparel industry is uncertain
However, EU output reported a negative quarterly growth as compared with the same period of the previous year. The decline in the clothing industry was -15%, while for the textile, it was -7%. Spain and Italy recorded again the worst performances in textiles, with production drops reaching -16.5% on average during Q3, while Romania and Austria were severely hit in the clothing sector with respectively -25% and -31%.
Such data tells that the signs of recovery, noticed since May, are now slowing down, due most probably to the reintroduction of stricter measures in European countries. Faced with bad forecasts, Euratex, is calling the EU for an active engagement in crucial area like circular economy, digitalization and level playing field.
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