Man-made fibres output up even as August retail sales touch record level
19 Oct '05
2 min read
Textile and apparel segments of the country have taken protective stance in 2005
Even as several textile and apparel sectors of the Czech Republic experienced recession, the man-made fibre segment maintained its output.
Though this segment has attracted lot of foreign investors, currently, industrialists are despatching man-made fibre and fabrics to less expensive locations for cut and sew process for making end products.
According to Czech Statistical Office, index of man-made fibre output (2004=100), in July touched 104.8 - a record for monthly production since January, and indicated a 4.8 percent growth on annual basis.
From January to July, the average of cumulative annual production rise was 2.1 percent; this increase in production follows an 11.0 percent growth in 2004.
Meanwhile, CSO reports that retail trade recorded the highest year-on-year growth since November 2004, in August 2005.
Seasonally adjusted retail sales (CZ-NACE 52) grew by 1.1% month-on-month at constant prices. The trend component rose by 0.4% m-o-m, which was, if expressed by figure on two decimal places, the highest increase since January 2003.
Non-specialised stores: sales grew by 3.9%, of which in stores with non-food goods predominating faster (+9.3%) than in stores with food, beverages or tobacco predominating (+2.6%). Among stores with non-food goods predominating, particularly sales of enterprises with 100+ employees were on the increase;
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