Yarn and fabric production rose in Asia and Europe, whereas South and North America recorded reduced output levels compared to the previous quarter. Production in North America reached lowest levels ever, the ITMF said”
“World yarn production rose 6.1% in 2009 Q4 in comparison to the previous quarter. It underlined an upward trend, which could be observed since the first quarter of 2009. While Europe and Asia registered increases of 12.8% and 5.5% respectively, yarn production in North and South America fell by 2.6% and 10.2% respectively. This was the lowest level ever recorded in North America .
“Fabric production grew worldwide by 4% in the last quarter of 2009. Europe and Asia recorded higher output levels of 18.8% and 5% respectively, whereas South and North America reported lower output levels of -17.2% and -7.3% respectively. Year-on-year global fabric production rose by 9.3% as a result of higher output in Asia ( 11.9%). Europe (-1.9%) and South America (-2.8%) on the other hand recorded slightly lower production levels compared to the previous year .
Date:5/18/2010
Source:Reuters