Unpredictable development marked the Spanish textile sector in 2011
The Spanish textile industry experienced a year of ups and downs in 2011, with no clear pattern of behaviour evident in the macroeconomic indicators linked to the sector.
The Consumer Price Index (CPI) of clothing and footwear showed fluctuations throughout the year. Prices increased from January to June, with rates of up to 0.5%, but decreased from July to September, with decreases of up to 0.2%. From October onwards, prices have risen again, reaching 0.5% in November.
The Industrial Production Index (IPI) of the textile sector registered five changes in trend throughout the year, from January to October. The highest increase was 8.5%, recorded in January, while the maximum drop was 11.2%, recorded in June. The behaviour of these indicators was erratic, with periods of increases followed by periods of decreases.
The ups and downs were much higher in the external sector. The exports of the textile industry have increased almost always of two digits, but no specific percentage is given for the increases in the months other than October, when they reached a spectacular 53.5%. However, they have decreased on three occasions: March, July, and September, with a maximum decrease of 11.9% in September. Unfortunately, no specific percentage is available for the maximum decrease in the exports of the textile industry.
The Business Volume Index (ICN) of the textile industry has changed its sign five times, with decreases of up to 10.7% in October and increases of up to 20% in January. The IPI and ICN show similar trends, but no specific percentages are given for the changes in the Business Volume Index (ICN).
Domestic consumption, the progress of prices, and the exports of clothing and leading textiles were also affected. The international economy's complex situation and the changing confidence of entrepreneurs and consumers had a significant impact on the activity of the Spanish textile industry.
Despite the Industrial Price Index (Ipri) linked to the textile sector remaining positive during the first eleven months of the year, the awaited results of the last months of 2011 are yet to be seen. The evolution of the Spanish textile industry shows no clear direction, as indicated by the awaited results of the last months of the year.
In 2011, graphs of most macroeconomic indicators linked to the Spanish textile industry showed a saw-tooth pattern, with no clear pattern of behaviour. There is no direct information available about the development of textile sector exports in Spain from April to December 2011.
In conclusion, the Spanish textile industry faced a challenging year in 2011, with indicators such as the IPI, CPI, and ICN showing erratic behaviour. The external sector, particularly exports, showed more significant fluctuations, with a spectacular increase in October but also significant decreases in March, July, and September. The industry's future remains uncertain, with the awaited results of the last months of 2011 yet to be seen.
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