BETTER TIMES AHEAD FOR BRAZIL’S TEXTILE SECTOR SAYS ABIT
March 1st, 2017
IS the Brazilian textile sector finally seeing an end to the contraction in sales and production prompted by the country’s recession? According to figures released by industry association ABIT (Association Brasileira de Industria Textil e Confecçao), the tide is turning and better times are ahead.
After three years’ recession, growth in Brazil’s economy is now predicted for 2017, with the government saying the country’s GDP will rise 1% this year, having fallen 3.50% in 2016. In the fabrics and yarns sector, noted ABIT, 2017 will see better growth ...
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