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Good in part!
The Budget 2018-19 is good in part for the textile industry thanks to corporate tax cut for MSMEs and higher allocation of ATUFS. The ITJ Cover Story takes stock of the Budget implications and the industry’s reactions.
Global fabric output declines in Q1/2017
Global fabric production declined in Q12016 against Q42016 due to decreases in Asia, South America and in Europe. The global yarn production improved in Q1/2017 quarter-on-quarter (QoQ).
Global yarn and fabric output up in Q2/2016
The global yarn production increased in Q2/2016 quarter-on-quarter. Thereby, output in Asia, Europe and South America rose. On an annual basis, the global yarn production in Q2/2016 fell versus Q2/2015. Global yarn stocks fell in Q2/2016 quarter-on-quarter. Yarn stocks were reduced in Asia. In South America they increased. Year-on-year, global yarn stocks declined. Yarn orders in Europe fell quarter-on-quarter as well as year-on-year.
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