Textile Products Industries
Abstract
The latest issue contains the article "Performance of the textile products industries. by Yasmin Sheikh. The business climate under which the manufacturing sector has been operating has evolved particularly in the last decade. Within manufacturing, certain industries have responded better than others to the challenge brought about by advancement in technology and increased globalization. Textile products was the fastest growing industry in terms of Gross Domestic Product (GDP) from 1961 to 1987 compared to the overall economy, the manufacturing sector and closely related Primary Textile Industries. However, this industry's GDP declined sharply between 1988 and 1992. Except for 1996, the industry again experienced growth from 1993 onwards but its GDP growth index is well below its peak in 1987.
Results of the Annual Survey of Manufacturers show that manufacturing shipments of textile products in constant 1992 dollars peaked in 1988 and have since declined. This paper reviews data from this survey for the period 1988 to 1997 to underline the changes in the size, structure and performance of this industry and how it has fared in comparison to the Primary Textiles Industry. It also highlights current developments using results of the Monthly Survey of Manufacturers.
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