The furniture sector reduce exports by 8%
September 13, 2008
The Valencian furniture industry also suffers the rigors of the economic crisis that was to plague across Europe. The sector recorded during the first half of 2008 a decline of 8.3% in exports over the same period last year, as announced yesterday by the National Association of Industrialists and furniture exports from Spain, Anieme.The rate exceeds the Commonwealth to drop experienced at the national level, fixed at 3.3%. Valencian The furniture industry also suffers the rigors of the economic crisis that was to plague across Europe.The rate exceeds the Commonwealth to drop experienced at the national level, fixed at 3.3%.
In absolute terms, companies Valencian exported furniture products for a total value of 185.683 million euros, maintaining the second position in the national ladder to be overtaken by Catalonia, whose industry recorded, on the other hand, an increase of 3.3% of exports during the same period.
According to the employer sector, the reasons that respond to the severe drop to be found in the behavior of the markets' mature ': France (the largest importer) recorded a decrease of 8.1%; Italy, with a drop of 16, 5% and Germany, which reduced their purchases by 9.7%.The sector recorded during the first half of 2008 a decline of 8.3% in exports over the same period last year, as announced yesterday by the National Association of Industrialists and furniture exports from Spain, Anieme.
Source: www.abc.es
To reverse the situation, Anieme gamble on the potential of emerging countries, something that was found in this semester with the increase has been registered in Morocco (20.6%), Russia (12.7%) or Saudi Arabia (43 %).
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