Positive Q2 forecasts from ITMF
The Switzerland-based International Textile Manufacturers Federation (ITMF) has published its State of Trade Report for the fourth quarter of 2011.
"Output of global yarn production increased in Q4/2011 as a result of higher output in Asia – especially in China – and Europe and in spite lower production in North and South America,” says the report.
"Also year-on-year global yarn production was up due to higher output in Asia and in spite of lower output in Europe, South and North America.
"Global fabric production rose in the fourth quarter with Asia and Europe recording higher output, while North and South America registered a reduction. Compared to last year’s fourth quarter global fabric output decreased with all regions suffering declines."
For the first quarter of 2012, yarn production is expected to fall due to lower output in Asia, while output in North and South America is expected to increase and output in Europe is expected to remain unchanged.
Global fabric production is expected to fall in Asia and Europe during the first quarter but is likely to increase in South America.
The general outlook for the second quarter is positive both for global yarn and fabric production.
