Due to a drop in the value of euro by 18.9 per cent in the second half of 2014, the average price of EU textile and clothing imports increased by 14.2 per cent during the first quarter of 2015, according to the latest issue of Textile Outlook International from Textiles Intelligence. An increase of 17.8 per cent was observed in the average price of clothing imports alone, to which the importers reduced EU textile imports by 0.6 per cent and clothing imports by 3.7 per cent. The situation is likely to worsen as euro is expected to go down by 21.3 per cent against the U.S. dollar by the end of 2015.
