Textile mills and textile product mills
Industry profile, February 2020
Sections: Description | Pricing | Costs | Demand | Appendix
This page is an industry profile for the Textile mills and textile product mills industry. It provides a general economic overview of recent developments in the industry. This includes information on industry pricing, costs, and demand. Below you will find a description of what type of business establishments are included in this industry. For information on how to best utilize this industry profile please visit our Business Solutions.
Industry Description
Industries in the Textile Mills subsector group establishments that transform a basic fiber (natural or synthetic) into a product, such as yarn or fabric that is further manufactured into usable items, such as apparel, sheets, towels, and textile bags for individual or industrial consumption. The further manufacturing may be performed in the same establishment and classified in this subsector, or it may be performed at a separate establishment and be classified elsewhere in manufacturing.
This industry description was sourced from the North American Industry Classification System.
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- As of January 2020, prices in this industry had decreased 0.2 percent since the previous quarter.
- From January 2019 to January 2020 prices in this industry increased 0 percent.
- Prices increased 4.8 percent in the five year period starting in January 2015 and ending in January 2020.
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- As of January 2020, costs in this industry had increased 0 percent since the previous quarter.
- From January 2019 to January 2020 costs in this industry decreased 0.8 percent.
- Costs increased 6.1 percent in the five year period starting in January 2015 and ending in January 2020.
For details on which industries are included in each sector, click here
- The largest cost for this industry is purchases made to the Manufacturing sector. This sector accounts for 54.3% of the industry's overall costs.
- From January 2019 to January 2020, the largest change in costs for this industry were costs associated with purchases to the Agriculture, Forestry, Fishing and Hunting sector. Costs associated with this sector increased 7.5%.
| Sector Name | Percentage of Costs | Annual Percent Change 4 |
|---|---|---|
| Manufacturing | 54.3% | -1.5% |
| Labor | 24.8% | -0.1% |
| Agriculture, Forestry, Fishing and Hunting | 4.2% | +7.5% |
| Transportation and Warehousing | 3.7% | +0.3% |
| Professional, Scientific, and Technical Services | 3.2% | -1.6% |
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- As of July 2019, demand for this industry had increased 1.4 percent since the previous quarter.
- From July 2018 to January 2020 costs in this industry increased 5.3 percent.
- Costs increased 13.3 percent in the five year period starting in July 2014 and ending in July 2019.
For details on which industries are included in each sector, click here
- The sector that contributes the most to this industry's demand is the Personal consumption sector. This sector accounts for 44.2% of the industry's overall demand.
- From January 2019 to January 2020, the largest change in demand for this industry was from the Private fixed investment sector, where demand increased 45.7%.
| Sector Name | Percentage of Demand | Annual Percent Change 6 |
|---|---|---|
| Personal consumption | 44.2% | +1.5% |
| Manufacturing | 20.7% | -1.4% |
| Exports | 9.2% | +45.7% |
| Private fixed investment | 5.6% | +45.7% |
| Retail Trade | 4.7% | +0.2% |
- Pricing measured from January 2020.
- The BLS PPI used for this industry is PCU313---313---.
- Costs measured from January 2020
- Demand measured from July 2019
