GLOBAL: Yarn Production Grows but of Fabric Lowers

Once more global yarn production rose in the 4th quarter of 2007 as a result of higher output levels in Asia and South America, whereas Europe and North America recorded lower ones. Fabric production on the other hand was down in all regions with the exception of Europe. Yarn inventories increased in all regions, whereas fabric stocks were up only in Asia but down everywhere else. Yarn and fabric orders in Europe were lower, while Brazil recorded higher yarn but lower fabric orders.

Global yarn production increased in the 4th quarter by +2.7% as a consequence of higher production levels in Asia (+3.7%) and South America (+8.1%) and despite significant lower output in Europe (-10.1%) and North America (-9.1%). Compared to the 4th quarter 2006 global yarn output was up by +9.2% owing to the fact that output jumped in Asia by +11.7%, whereas all other regions recorded lower output levels with Europe being down by -11.9%, South America by -8.0% and North America by -5.1%.