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Related Keywords: discuss with industry experts, evolution taking place, exchange information on matters affecting the entire textile chain, hosted by Indonesian Textile Association, International Textile Manufacturers Federation, ITMF Annual Conference, leaders in textile industry, provides an ideal international platform, textile manufacturers to interact

The International Textile Manufacturers’ Federation (ITMF) Annual Conference 2017 will be hosted by Indonesian Textile Association in Bali which provides an ideal international platform for leaders in the textile industry to discuss with industry experts the (r)evolution taking place, to exchange information on matters affecting the entire textile value chain and for textile manufacturers to interact with their peers from around the world.

Related Keywords: decrease in Europe by four percent, first quarter of FY, Global fabric production fell, global yarn production increased by twenty percent, global yarn stocks dropped, increase in yarn output across Asia, International Textile Manufacturers Federation, ITMF, latest report, South America, worldwide fabric stocks increased moderately

With increase in yarn output across Asia by 21 percent and South America by 29 percent, while it saw decreased by four percent in Europe but the global yarn production increased by 20 percent in the first quarter of 2016, compared to 4 percent growth rate in the first quarter of 2015, according to the latest report from the International Textile Manufacturers Federation (ITMF).

Related Keywords: almost tripled, Boston Consulting Group, higher than US, in China, International Textile Manufacturers Federation, Manufacturing wages, Pacific trade agreement, productivity, weakening competitiveness in manufacturing, yarn production cost

In China, manufacturing wages adjusted for productivity have almost tripled over the last decade, to an estimated $12.47 an hour last year from $4.35 an hour in 2004. China’s surging labor and energy costs are weakening its competitiveness in manufacturing, according to the Boston Consulting Group.

Boston Consulting has estimated that for every $1 required to manufacture in the United States, it costs 96 cents to manufacture in China. Yarn production costs in China are now 30 percent higher than in the United States, according to the International Textile Manufacturers Federation.