The slight increase in confidence is primarily due to manufacturers' more positive outlook on expected output over the next three months. However, concerns persist, as evidenced by more negative perceptions regarding order positions. The textiles, clothes, and leather industry, in particular, saw a notable decline in producer confidence, dropping to minus 8.5 from minus 5.3 in January.

There was a positive component indicator with manufacturers anticipating an increase in output outnumbering those expecting a decrease. On the other hand, two component indicators were negative, pointing to weaknesses in order positions and perceptions of current stock levels as being large, as per CBS.

Fibre2Fashion News Desk (DP)