European And American Textile And Apparel Market Downturn Continues To Fight World Trade

In 2012,

It is likely to remain depressed, considering the uncertainty of the global economy and the debt crisis in the eurozone, which will continue to crack down on business and consumer confidence, according to the 156th international textile outlook released by global business information company textile intelligence.

In the EU economy, it has resumed since 2011, but is expected to remain depressed in 2012.

It is predicted that the EU economy will suffer two decline in 2012 and GDP will fall by 0.5%.

It is predicted that there will be partial recovery in 2013, but GDP is expected to grow by only 0.8%.

Europe

The manufacturer's view reflects this prospect.

It is reported that their market has obviously recovered in 2011, but the recovery slowed down in the last quarter.

The current view reflects that the economic turmoil in Europe will continue to adversely affect the trade of the remaining period of 2012, possibly more than before.

In fact, in the first quarter of 2012, the EU's clothing imports dropped sharply by 12%.

The outlook for the United States is slightly less pessimistic.

In 2012, the growth of GDP is expected to accelerate, from 1.7% in 2011 to 2.2%, and dropped to 2.1% before 2013.

Otherwise, clothing imports will continue to be affected, and imports in the first quarter of 2012 will be reduced by 3.9%.

The weakening economic conditions in the European Union and the United States have affected the export of several Asian countries in the first quarter of 2012.

In Indonesia, exports of textiles and clothing increased by 18.2% in 2011, but dropped by 5.2% in the first quarter of 2012.

In Thailand, exports increased by 7% in 2011, but fell by 15.3% in the first quarter of 2012.

In Philippines, 2011.

The volume increased by 11.4%, but it dropped by 1.1% in the first quarter of 2012.

Exports from other countries have also slowed down.