Yarn and fabric production decreases

Global yarn production decreased by 23 percent between Q3/17 and Q4/17, according to a report by the International Textile Manufacturers Federation. Output reductions in Brazil (-23 percent), Asia (-14 percent) and the U.S. (-4 percent) balanced out the increase in Africa (+12 percent) and Europe (+15 percent). Global fabric production decreased from Q3/17 to Q4/17 by -2 percent. A respective -12 percent and -2 percent contraction in Brazil and Asia drove the world average in the negative range. Fabric output increased by 6 percent and 10 percent in Africa and Europe respectively. The world output level reached 95 percent of its Q4/16 level.