An ongoing questionnaire survey for Euratex members shows that more than half of companies expect sales and production to fall by more than 50%. In addition, 90% of companies face serious financial constraints, 80% of companies will temporarily lay off staff, and 25% of companies are considering stopping operations. Euratex said that there are still some retail and traders whose sales are growing.

Euratex is worried about the crisis in Covid-19 and the pressure on the operation of the domestic market. The EU countries have severely controlled borders, resulting in supply delays and cancellation of orders, which intensifies the impact on the economy.

The report shows that many textile and apparel companies are under “strong global pressure brought by the pandemic and have limited ability to absorb and resolve crises” and need immediate relief measures.

Euratex has asked the European Commission to presuppose a financial bail-out plan to ensure a consistent approach across the EU member states and to avoid restricting the free movement of goods and labor.