The textile industry has already suffered a 30% collapse, and they expect it to be worse

March indicators show a drop in production of 29.6%, a collapse that would deepen in April. According to INDEC, in the third month of the year, the use of installed capacity in this segment was 28.7%. In the sector, they estimate that this number could have fallen to 10% during the last month. In March, sales of the clothing sector and the white item (table linen, bed and bath) collapsed by 65.1%. The outlook does not look very encouraging for the future.

Source: Ámbito