ITMF: The operating conditions of the global textile industry are still poor.

The 22nd Global Textile Industry Survey Report conducted by the International Textile Federation in middle of September 2023, the operating conditions of the global textile industry are still poor, and manufacturers are cautious about the future development situation. In may 2023, the number of orders improved briefly, but dropped sharply in July and hit a new low in September. The number of orders in the entire industry chain was at the lowest level. “Weak demand” has been a major concern for the global textile industry in the past year, and this concern intensified in September because of high inflation caused by energy and raw material prices in recent months.