SPAIN: Domestic weakness hit 400 textiles firms last year
More than 400 Spanish textile and clothing firms went out of business last year with the loss of 7,000 jobs, according to new data.
The Centre d'Information du Textile et la Confection (CITYC) found the number of companies in the sector fell 4.6% to 8,471, while the size of the workforce shrunk 5.5% to 129,000.
The sector's difficulties focus largely on the slump in domestic consumption.
In contrast, the country's textile and clothing exports grew 12.3% to EUR11.7bn (US$16.29bn). Clothing exports alone rose 15.5% to over EUR8.3bn, and textile exports increased 5.2% to EUR3.37bn.
Spain's textile and clothing imports were up 5.1% to EUR14.2bn last year. Clothing imports were up 4.5% to EUR10.8bn.
This produced a negative trade balance of EUR2.4bn, but this was down more than 23% on the previous year.
- New American Apparel CEO sees solid platform
- Outlook 2015: What's happening with sourcing?
- George at Asda on responsible retail journey
- Outlook 2015: Challenges and opportunities
- Myanmar garment sector experiencing rapid growth
- Fashion brands facing strong dollar “headwind”
- Tommy Hilfiger digital showroom to reduce samples
- EU exploring responsible garment supply chains
- C&A to boost opportunities for women in India
- YKK “Eco-Dye” aims to cut zipper water waste
- Myanmar's Garment Sector - Opportunities & Challenges in 2015
- Outdoor performance apparel: peaks, valleys, and green fields
- Li & Fung Limited (494) - Financial and Strategic SWOT Analysis Review
- E-Textiles: Electronic Textiles 2014-2024
- Management briefing: Outlook 2015: Apparel industry issues in the year ahead