Views: 0 Author: Site Editor Publish Time: 2023-04-28 Origin: Site
According to the most recent data gathered by Euratex, the European Apparel and Textile Confederation, European textile output decreased in Q4 2022, the first decline seen in nearly two years. On the other hand, European apparel manufacturing started to rise once more at the end of last year after decreasing in Q3.
The Euratex index, which is based on pre-pandemic levels and more especially on Q4 2019, which serves as a reference point, highlighted the trends (with a value of 100).
The textile output index peaked at 116.6 in Q3 2022 before dropping to 116.3 over the ensuing three months. Only one additional output inflection point had occurred in the sector since Q3 2020, and that was in Q1 2021.
According to Euratex, the supply chain“continues to struggle with challenging market conditions and insufficient demand.”Euratex, meanwhile, praised the“solid rebound in activity”in the garment industry.