The Office for National Statistics TOPSI survey has shown turnover for fashion and textiles manufacturers was very slightly down in April 2016, £726 million from £728 million the month before and at a similar level to April 2015’s levels.
Figure 1: Monthly fashion and textile manufacturing turnover figures (£m)Source: Office for National Statistics
On an annual level, this equates to a very small slide in turnover levels, currently standing at £8.8bn, the lowest it has been in recent times (January 2015s annual rate stood at just over £9bn) although there has been no large adjustments indicating a settled pattern for manufacturers.
Figure 2: Annualised turnover information for fashion and textiles manufacturers (£m)Source: Office for National Statistics
n.b. The monthly TOPSI survey that this analysis is derived from follows a different methodology to the annual Annual Business Survey. These figures presented within this analysis are therefore are presented as a snapshot.