The EURATEX General Assembly represents the economic situation of the 25 European Union's textile industry.

After the 2006 performance was better, the characteristics of 2007 were stable.

Last year, the situation was mixed. In the second half of the year, it was not as good as the first half.

The production and business volume of garment industry increased, while textile stability, man-made fiber fell rapidly.

EU consumption is still growing, but the main overseas market is not growing or declining, and emerging markets are showing growth trend. However, EU exporters are facing difficulties in the local market, so that they can not benefit from the development of overseas markets.

In the past three years, EU exporters have not been able to fully benefit from world demand growth, because the euro's exchange rate against the US dollar is not conducive to exports and continues to exert strong downward pressure on world prices.

In the 2007 fiscal year, the consumption of the 27 countries in the European Union increased by 5%, mainly attributable to the consumption power of the new member countries. The energy consumption of the new member countries was much larger than that of the 15 old member countries.

Some of the growth in consumption in 2007 may be attributable to the price stability of clothing consumers, but the price of clothing consumers is lower than 2005-2006 years (down 0.9% and 0.6% respectively).

In addition, the price of household textiles in 2007 was slightly lower than that in 2006 (-0.1% replaced -0.8%), while the price of carpet increased by 0.9%, compared with an increase of 0.4% in 2006.

Therefore, in 2007, the retail sales value of the 27 countries in the EU increased by 5.1%, and the scale grew by 4.7%, the largest increase in the last 4 years. However, preliminary data in 2008 showed that the retail sales value and scale all showed negative growth due to the slowdown in economic behavior.

From the 3 quarter of 2007, the growth rate began to decline.