BRAZILIAN TEXTILE INDUSTRY FORECASTS CONTINUED GROWTH IN 2018
January 1st, 2018
Brazil’s textile industry has reported an overall growth in sales of 3.2% for 2017, and even bigger increases are forecast for the year ahead. Latest data from the Brazilian Textile and Apparel Association (ABIT - Associação Brasileira da Indústria Têxtil e de Confecção) predicts an overall growth in revenues of 3.29% for the year 2018. Brazil textile sector revenues for 2017 grew by Brazilian Real BRL7 billion (USD2.1 billion) to a total of BRL144 billion (USD45 billion) for the year. Activity was boosted in 2017 by the country’s overall economic ...
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