The results from the annual survey of wool textile conditions from the IWTO show that business conditions are positive right through the wool textile industry, including for interior textiles. Each sector is seeing above normal activity levels and better than last year. Each sector also reports that activity levels should remain above normal levels to the end of the year. Furthermore, the Survey results suggest that stock levels at each stage are at normal levels. In the case of the early stage processing sector, stock levels are reported to be well below normal. These good results suggest that raw wool demand will be strong for the next few months at least.
Further details including a chart showing results from the IWTO’s business conditions survey are provided in the full version of the NCWSBA Weekly Newsletter, available to NCWSBA members.