The Research Director of the Honduran Council of Private Enterprise (COHEP), Guillermo Peña said that it will be difficult to achieve 3% in growth.
"We have had four months of reductions in orders from China. What does that mean? That international consumption is going down," he said.
According to an article in Proceso.hn; "Peña said that the main cause of the decline in maquila is not due to the high price of energy. 'Energy has always been expensive, the real cause is a fall in new orders.'"
Source: Proceso Digital
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August 2010
Exports of textiles to August rose 20% relative to the same period of 2009.
The director of the Honduran manufacturing industry association AHM, Guillermo Matamoros, commented that in addition to the return of 13,000 jobs in the textile sector so far this year it is hoped that by the end of the year 20,000 jobs will have been created.
February 2012
Businessmen say that clothing and textiles have regained the export levels of pre 2008-2009, when sales plummeted by 30%.
The president of the Garment and Textile Committee (Vestex), Carlos Arias, said that in 2008 and 2009 the industry saw sales drop by 30%. This meant that 15,000 people lost their jobs.
April 2012
Nicaragua's textile companies have started exporting to Turkey and Finland, as an "exploration" before the agreement with the EU comes into force.
Since December, textile companies established in the free zones in Nicaragua have been exporting shirts and pants to Turkey and Finland, as a way to explore the regional market before the Central American Association Agreement with the EU is implemented, according to a director of the business association in the industry.
July 2011
Between January and May sales grew by 25% compared to the same period in 2010.
The rise in sales to the U.S. was higher than to countries like El Salvador, Honduras and Guatemala, which increased by 19%, 17% and 13% respectively in the same period.
With the 25% increase, Nicaraguan exports went up from $381.1 million to $476.7 million.
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