SPANISH TEXTILE AND CLOTHING SECTOR FACES TOUGH FUTURE SAY MARKET EXPERTS
July 1st, 2009
BY MARK ROWE
THE ADDED value created by Spain's textile and clothing sector will fall by 8.8% in 2009, according to forecaster Business Monitor International (BMI). Currently, ranks Spain's entire textile industry as 13th in the world in terms of textile and clothing manufacturing value added, which BMI priced at US$12.45 billion in 2008.
The recession also appears to be casting a medium-term shadow over the sector, with textile and clothing value (T&C) added also falling by 3.3% in 2010, reflecting difficult international economic conditions, said BMI: ...
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