Nicaragua: Outlook for the Textile SectorAccording to businessmen in the country's textile sector, as a result of the covid-19 pandemic, a reduction in work orders is expected during the second half of the year.Wednesday, March 25, 2020
Representatives of the Nicaraguan Association of the Textile and Clothing Industry (Anitec), predict that with the closure of the stores of several of their clients, sales will be reduced considerably and inventory levels will increase. Source: laprensa.com.ni Textile Industry with Subsistence IncomeAugust 2020 Against the backdrop of an imbalance in trade and restrictions decreed in several markets around the world, Central American companies in the garment business are operating and generating export earnings at levels that merely allow them to subsist. Textile Sector: Poor OutlookJune 2020 Uncertainty over a possible second wave of covid-19 cases globally will prevent Salvadoran textile industry exports from recovering for the rest of 2020. Textile Sector in 2020: Optimism in NicaraguaJanuary 2020 Despite global threats, such as the possibility of a global economic slowdown, businessmen in the sector are confident that their sales will continue to rise. Nicaragua: Optimism in Textile IndustryFebruary 2016 Despite the challenges facing the Central American textile industry with the coming into force of the TPP and Asian competition, projections are that there will be growth of 8% in 2016.
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