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A Fragile Turnaround: ITMF Survey

• By  Textile Excellence
• June 15, 2026

The global textile industry appears to be turning a corner, but this is more likely a fragile and possibly temporary improvement than the start of a durable recovery. According to the 38^th ITMF Global Textile Industry Survey, conducted worldwide during the second half of May 2026, business sentiment, order intake, order backlogs and capacity utilization all improved versus March — yet every indicator remains weak by historical standards, and rising costs cast doubt on how long the upturn can last.

The new survey shows a business situation balance rising to −17 percentage points (pp) from −25pp in March. Business expectations climbed to +16pp (from +5pp), order intake to −9pp (from −25pp), backlogs to 2.5 months and capacity utilization to 74%. Order cancellations stayed contained and inventories lean low. The direction is encouraging, but the levels rest on a thin and fragile cushion.

The upturn was geographically uneven. Africa led on business situation, order intake, backlog and expectations, alongside gains in Europe and North & Central America. The Asian production hubs lagged, with East Asia weakest on both current conditions and the six-month outlook. Along the value chain, segments closest to the end-consumer slightly fared best, while capital-goods and upstream segments trailed.

Cost and demand pressures persist: weak demand remains the major concern for 53% of participating textile manufacturers, followed by raw-material prices (52%) and energy prices and geopolitics (42% each). The survey links rising costs to the war in Iran, which has pushed crude oil to around USD 100 and lifted gasoline prices by roughly 50% since March, feeding inflation and squeezing margins. Whether the May reading holds will depend largely on energy prices and the resolution of ongoing conflicts.

Cost and demand pressures persist: weak demand remains the major concern for 53% of participating textile manufacturers, followed by raw-material prices (52%) and energy prices and geopolitics (42% each). The survey links rising costs to the war in Iran, which has pushed crude oil to around USD 100 and lifted gasoline prices by roughly 50% since March, feeding inflation and squeezing margins. Whether the May reading holds will depend largely on energy prices and the resolution of ongoing conflicts.