Yarn output has fallen for 5 consecutive quarters and remains at a post-1998 low. Fabric production has been weakening during the course of 2003 but remains around its post-2000 average level. Global yarn output fell by 0.7 per cent during the quarter, as increased Asian production (+3.4 per cent) was insufficient to offset substantial quarterly declines in Europe (-8.2 per cent) and North America (-9.3 per cent). .
On an annual basis, world yarn production was 4.8 per cent lower, with all regions outside Asia curtailing production levels relative to Q3 2002. European output was 2.9 per cent lower year-on-year, while North American yarn production fell by 18.1 per cent.