Textile raises its turnover in Europe. In the whole of the countries of the European Union, the textile sector has increased its turnover in recent years. Above the average of the euro zone assembly, there are five countries, a group led by Denmark, but dominated by the hubs of traditional fashion: France, Spain and Italy.
According to the European textile business volume index recently published by Eurostat, on a hundred base on the 2021 data, The European textile industry has registered in February an increase of 18% of the volume of business since the same month of 2021. From the euro zone as a whole, the rise in three countries stands out: Denmark, Romania and France.
It is the Nordic country where the volume of business in February of this year has been raised most compared to the reference date, up to 44.5%. In the case of Romania and France, on the other hand, the figure is equally high, although with a change of digit, with a billing growth in February 35.3% and 32.6%, respectively.
The trio of great European economies is maintained above the textile growth of the continent
The presence of France, a hub Traditional fashion industry is not the only one that stands out in the list of countries where the growth of the sector’s business figure is higher than the average of the euro zone assembly. Specifically, of the six countries that rise above that 18%, there are also Italy, with an increase in February of the business volume of the textile industry of 18.7%, and Spain, with another of 23.3%. The Greece list completes, with an accumulated increase since 2021 of 26.2%.
In the opposite direction, of the other countries of which the statistical office has data, seven have noted in February an evolution below that of the community average. The case of Hungary is the most extreme, with a decrease in the volume of business in February 11.2% compared to the same month of the base year. Also in negative is Finland, although with only 2.1% below.
In the case of Germany, LTo textile industry in the country has increased its business figure compared to February 2021, 11%Despite being positive, the rise noted by the European locomotive is much lower than that of the average of the twenty -seven.
In interannual terms, textile has lost strength in most countries
The behavior is different if the rise is compared in interannual terms, with most countries moving to a negative evolution. Only two territories have raised their business figure compared to the previous year, again, Denmark, with an increase of 5.34% year -on -year, and Latvia, with another of 4%.
The rest of the group of countries with data, however, the interannual evolution of the industry’s business volume has decreased in year -on -year terms, even in the European average, which are located 4.5% below a year ago. Hungary returns to the worst result, with a 8.6%drop, followed by Austria and Germany, with a similar decrease, 7.8%and 6.7%, respectively.
In the case of Spain, industry billing has been reduced compared to the previous year, 1.8%. Despite the fall, this is less than that of the rest of the European Union, while the Italian and French sector, with a decrease of 4.8% and 5.76%respectively, it does exceed that of the community average.
