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Related Keywords: Europe could not maintain its upward trend, first quarter of this year, global fabric production dropped, latest figures from ITMF, mainly due to increase in Asia, nearly thirty percent, Rise in global yarn production, significant decrease in Asia, Worldwide fabric stocks plummeted, year-on-year basis increased, year-on-year global fabric output improved

Rise in global yarn production seen by nearly 30 percent during the first quarter of 2017 while on a year-on-year basis it increased by 1.9 percent. The increase in global yarn output was mainly due to 31.8 percent increase in Asia.

In North and South America yarn production increased by 13 percent and 3.5 percent, respectively. Europe could not maintain its upward trend, instead showing a slight decline of 1.2 percent quarter-on-quarter in yarn production, according to the latest figures from the ITMF.

Related Keywords: achieved more than USD six billion, appear to support export earnings target, EU second largest export market, first quarter of this year, reduce production costs, seek orders for high quality products, urged enterprises optimise capacity of equipment, Vietnam garment and textile exports, Vietnam Textile and Apparel Association, Vitas

Vietnam has achieved from its garment and textile exports USD 6.84 billion in the first quarter of this year, 11.2 percent more than in the same period last year, according to the Vietnam Textile and Apparel Association (VITAS). First quarter figures appear to support this expectation of touching its export earnings target of over USD 30 billion set, seven percent growth over 2016.

Related Keywords: ACIMIT, first quarter of this year, foreign markets order dropped off slightly, Italian textile machinery manufacturers, order index on rise, promote acquisition of machinery, push from Italian domestic market, support provided by Italian government

The orders index for Italian textile machinery manufacturers grew during the first quarter of 2016, especially due to the push from Italy’s domestic market. Raffaella Carabelli, President of ACIMIT said that the recovery on the domestic market compared to the minimum recorded a year ago is highly encouraging. In foreign markets, order have instead dropped off slightly, only a few markets have performed well.