The retracting figures of the past months are continuing in the month of November 2019. In particularly the losses for textiles are substantially. Also for clothing there are rare rays of hope, for instance in foreign trade. Surprising enough is the fact that the ifo-index figures show slightly positive signs. To consider this already as a trend change is really too early. The entire 2019 will end with losses, particularly in textiles.
In November 2019 turnover figures were accentuated negative, particularly for textiles. This negative monthly result was leading to the fact that the cumulated turnover for the two sectors are -3.1 %. Textiles’ losses are -4.3 % and for clothing -1.2 % in comparison to the same month 2018. It is noticeable that all textile segments show a negative turnover tendence. Since it is only one month to the full 2019 results, as well as the early indicators do not tip to a change of the trend, thus the total negative result will not change.
In November 2019 the proceeds were depressed, foremost in textiles. The occupation goes in the same direction, particularly in textiles. At the end of November 5.7 % less human beings were working in textiles and 0.8 less people in the clothing sector.
Also domestic production declines further. The textile sector was before less markedly touched as in clothing. Actually the clothing sector is improving, but the index for textiles is markedly lower.
The order situation is rather for both segments deceiving, however for clothing to a smaller extent.
Production prices improved during 2019 only slightly, and textile is unable to increase prices, the average increase in November was only 0.8 %, in clothing with constantly + 1.2 % is the situation somewhat better.
Proceeds in the specialised retail was improving after an initial unsatisfactorily beginning of the year. In November 2019 a clear plus of +3.4 % was reached and was above the results of the German retail sector (+2.9 %). The proceeds for the specialised clothing retail sector increased only +0.5 %, total German retail sector added +3.5 %.
Except for foreign trade figures for textiles are negative for months: -3.1 % exports and -1.8 % imports as per November. In contrast the values for clothing: + 5.1 % more exports, and +1.3 % more imports. Thus, the textile sector could not cope with the somewhat good mood in foreign trade.
Trade surplus sank per November by 3.3 %.
Raw material imports sank in the first nine months in 2019 by 5.7 %.
ifo-economic index January 2020
The industry is according to the ifo-survey no more pessimistic as it was the case during previous months in 2019. Since the end of 2019 the climate of the manufacturing sector is more positive. Even though the sectors textiles and clothing are showing a higher volatility, but the values are surprisingly increasing, particularly for textiles, because the actual figures show no signals of change, to the contrary the declining figures are considerable. There is hope that this is a first sign of a bottom building of the existing negative economic development.