The sharp downturn in exports at 170 million euros (M €), until August, and a significant decline in the order book are two immediate impacts of the global financial crisis is having on the textiles and clothing Portuguese, highlights the Journal of News this Thursday.
In round figures, the sector exported 2724 billion euros in the first eight months of 2008 at least 170 million euros, compared to the value of exports in the same months of 2007. So far, the most affected sectors by the fall in exports are garments and textiles, home.
The scenario is worrying, but the business sector, which met yesterday at 10. Forum of Textile Industry in Famalicão, wanted to pass the message that once again the industry wants to resist. The difficulties in ITV are to worsen since May this year, and according to the chairman of the Textile and Clothing Association of Portugal (ATP), which organizes the Forum, John Costa. Between January and August, exports up 5.9% less.
In round figures, the sector exported 2724 billion euros in the first eight months of 2008 at least 170 million euros, compared to the value of exports in the same months of 2007. So far, the most affected sectors by the fall in exports are garments and textiles, home.
The scenario is worrying, but the business sector, which met yesterday at 10. Forum of Textile Industry in Famalicão, wanted to pass the message that once again the industry wants to resist. The difficulties in ITV are to worsen since May this year, and according to the chairman of the Textile and Clothing Association of Portugal (ATP), which organizes the Forum, John Costa. Between January and August, exports up 5.9% less.
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