Global yarn, fabric production rates are increasing, Egypt leading down global average

A “strong decrease” in Egypt’s yarn stocks has driven down the world average, despite an overall increase of yarn and fabric production globally, according to Knitting Industry. Global fabric production in 2Q2017 increased by almost 9% q-o-q and Egypt saw a 16% q-o-q increase in fabric orders during the quarter. Estimates see global yarn and fabric production remaining stable for 3Q2017 and rising in 4Q2017.