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Spain’s Textile Production Expands Robustly

Spain’s textile industry continues its lively growth, reporting a 6.2% year-on-year jump for July 2013, according to the most recent Industrial Production Index (IPI), issued by the National Statistics Institute (INE).

The IPI tracks the monthly performance of various industries, focusing on the quantity and quality of production rather than fluctuating prices.

Spain has asserted itself as a significant exporter of textile machinery, ranking 11th worldwide as a manufacturer in this sector. There are nearly seventy textile machinery manufacturing companies in Spain worth a collective 245 million Euros, employing approximately 2600 workers.

According to the INE, the garment sector in Spain suffered an 11.5% drop in comparison to last year, with knitted garments dipping more than 40%.

However, the manufacturing of fur leapt 53%, yarn 16.1% and fabric processing rose 9.9%.

Spain’s economy is the 12th largest in the world, roughly equivalent in size to Germany or France.