186/2
Production, Employment and Profitability
There is no evidence that imports have caused or
threatened serious injury to the United States textile
industry generally
•
2. Production in terms of fibre consumption increased from
6,567 m.lbs. in 1961, the year when imports of cotton textiles
were first brought under control, to 9,668 m.lbs. in 1968.
The upward trend was reversed in 1967 an experience which
was shared with the industry in most other developed
countries
but there was a sharp recovery in 1968 and the
rate of expansion quickened throughout the year, lifting the production index (based on 1957-59 figures) for textile mill
products from an average of 142 in 1967 to 156 in December 1968
17
The corresponding increase from 48 to 153 in the index for
h
apparel products, though considerably smaller, was nevertheless
significant.
3. Sales of textile mill products rose from $13.4 bn. in
1961 to $20.8 bn. in 1968.
products likewise rose
from
Sales of apparel and related
$12.4 bn. to $20.7 bn. Apart
from 1967, when there was a small setback, the trend was
steadily upwards.
products this year is 23 bn., an increase of 6.4 per cent
on the 1968 figure.
The forecast for sales of textile mill
4.
Profitability increased rapidly between 1961 and 1968.
In the case of textile mill products the pre-tax figure rose
by 116 per cent, from $589 m. to $1,276. The increase after
/tax
No comments yet.
Private notes are available after approval.