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Article October 11, 1994

<CR><RD><BR><CS:BOLD>GLOBAL YARN STOCKS UP IN 2ND QUARTER<BR><BR>Byline: </CS>John Zarocostas<BR><BR>GENEVA -- Global yarn stocks at the end of the second quarter of 1994 were up nearly 10 percent, versus the same period a year earlier, according to...


GLOBAL YARN STOCKS UP IN 2ND QUARTER

Byline: John Zarocostas

GENEVA — Global yarn stocks at the end of the second quarter of 1994 were up nearly 10 percent, versus the same period a year earlier, according to a report from the International Textile Manufacturers Federation released last week.
The study, which draws on data provided by more than 50 affiliate member industry organizations, reports only percentage increases. The largest increase in inventory in the April-to-June period was in Pakistan — 30 percent.
Asian yarn stocks, however, were 12.5 percent lower, while European stocks were virtually unchanged, the ITMF said.
In fabric, global inventories rose 5.4 percent in the quarter compared with a year ago, with Pakistan leading the way with an 87 percent increase.
Turkey had a 19 percent rise in fabric inventory, and Asia, a 15 percent increase.
U.S. inventories were 7.3 percent lower, the ITMF said.
On the yarn order front, the ITMF compares the second quarter with the first quarter and with a year ago.
The report pointed out that the European index of outstanding yarn orders fell 4.9 percent in the second quarter against the first, and attributed the downturn “to the apparent slackness in the European yarn market.”
Because of weakened demand, yarn orders plummeted 25 percent in Switzerland and 9 percent in Turkey, the report said.
Despite the quarter-to-quarter decreases, however, the ITMF said the European order index was 7.7 percent higher than a year ago, “largely due to a more than 25 percent improvement in Italy over the last 12 months.”
The report said yarn production in the second quarter was up 3 percent against the first quarter.
Production was up 5.8 percent in the U.S. and 2.6 percent in Asia. Year-to-year figures were not given.
— Fairchild News Service