The Euratex outlook for the global economy both in 2017 and 2018 is somewhat favourable notwithstanding some continuing uncertainty, especially related to the trade policy of the United States and the effects of Brexit.
According to Euratex outlook, prices are rising, but quite slowly. This is also true for the costs of energy and certain raw materials. EU consumer confidence and especially within the Eurozone is at its highest level since April 2001.
The preliminary data for the first quarters of 2017 were also favourable for the textile sector, albeit with decline in the traditional sectors of spinning and weaving, as well as nonwovens, whilst finishing has recovered somewhat.
The clothing sector continued to cut production, yet turnover rose slightly. However, managers’ expectations during the second half of 2017 continued to rise in the clothing industry with positive assessments of production expectations.