Global fabric production increased by more than three per cent in the third quarter of 2016.
Asian and South American output grew by over four per cent each, while European fabric production fell by nearly 15 per cent quarter-on-quarter.
Year on year, global fabric output improved moderately by 0.6 per cent in the third quarter with Asian production increasing by 0.6 per cent and South America’s output improving by 4.7 per cent. Europe’s fabric output fell by nearly seven per cent year on year.
Worldwide fabric stocks also fell quarter- on-quarter and fabric inventories were reduced in South America and increased moderately in Asia and North America. Year on year, fabric stocks declined while European and South American fabric orders also decreased quarter on quarter. On a yearly basis South America’s fabric orders increased and Europe’s fell.
Worldwide fabric stocks fell by 1.4 per cent compared to the previous quarter with an eight per cent drop in South America while inventories decreased by five per cent for the year. Asia was down by 0.4 per cent and Europe by two per cent. North American stocks increased by 0.8 per cent.
In the third quarter, yarn orders fell by five per cent in Europe compared to the second quarter. South American orders fell by 11 per cent for the quarter but rose 100 per cent year on year.