ITMF Press Release - Results of the 13th ITMF Corona Survey

13 May 2022, Mumbai:

The business situation and expectations are still positive but visibly weaker.

In the 2 nd half of March 2022, the ITMF conducted the 13 th ITMF Corona-Survey amongst more than 220 companies around the world in all segments along the textile value chain.

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For the sixth time since May 2021, companies were asked the same set of questions about their

1) business situation

2) business expectation

3) order intake

4) order backlog, and

5) capacity utilization rate.

In addition, they were asked about their main concerns and whether and to what extent they can pass on recent cost increases. On average across all regions and all segments, the business situation in March 2022 remains in positive territory.

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When it comes to the business expectations in six months’ time, the global textile value chain remains optimistic but stands on a much weaker foundation.

Since September 2021 the balance between more favorable and less favorable business expectations has fallen from +32pp to +7pp.

This is a clear indication that the textile value chain has passed the tip of a strong business cycle in the 4 th quarter of 2021.

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