25 October 2022, Mumbai:
Results of the 16 th ITMF Global Textile Industry Survey.
A positive sign for the future is that global expectations have stopped falling in September 2022, albeit staying in negative territory and therefore indicating difficult times ahead.
The 16th ITMF Global Textile Industry Survey (GTIS, formerly known as ITMF Corona-Survey)
shows deteriorating business situation and expectations in the global textile industry in
September 2022. The indicators for order intake, order backlog, and capacity utilization rate
also fell, globally.
Business situations and expectations have turned negative.
Weakening demand, high raw material prices, high energy prices, and inflation are the four major concerns of the global textile industry for the next 6 months.
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