The first quarter.

Because of the decline in production in Asia, Europe and North America, the global yarn production is decreasing, but the yarn production in South America is higher.

On the other hand, global production declined and output in Asia, Europe and North America decreased.

In the third quarter, global yarn inventories rose slightly, while fabric inventories continued to decrease.

In the same period, European orders for yarn and fabrics declined.

Brazil yarn orders remain unchanged and fabric orders are rising strongly.

Only South America grew by 12.9%.

On the annual basis, world yarn production increased by 4.6%, of which Asia and South America increased by 6.2% and 33.9% respectively, while Europe and North America decreased by -14.8% and -27.2% respectively.

Fabric production in South America increased by 2.4% during this period.

World fabric production decreased by -4.3% compared to the same period last year.

Europe, Asia and North America declined by -2.5%, -5.2% and -27.8% respectively, while South America's output increased by 15.6%.

Asian yarn stocks increased (0.6%), Europe (-0.6%), North America and South America did not increase or decrease.

On the annual basis, yarn inventories increased by 2.4% in the third quarter of the world, and 0.4%, 5.7% and 24.3% in Asia, Europe and South America respectively.

Compared with the same period last year, global storage declined by -35.2%: Asia -48.4%, South America -12.4%, North America and Europe fell by -11.0%-2.0% respectively.

European fabric orders fell by 0.6%, but Brazil grew by 2.4%.

Compared with the third quarter of 2007, European orders fell by -1.0%, but Brazil's orders surged by +9.3%.