As we begin the recovery, many of our biggest industries are starting to recover, according to research from a leading consulting firm.
In a survey conducted in May by consultancy Gartner, the industry’s growth is still a mixed bag, with some sectors recovering and others struggling.
Still, while the recovery is underway, the sectors with the highest growth in the past year include textile manufacturers and auto manufacturers, according Gartners chief economist John Canzano.
For the manufacturing sector, the survey found that textile manufacturers in particular had done very well.
For instance, in May, the U.S. produced 8.4 million metric tons of textiles annually, the highest annual output of any industry, and more than five times the output in 2009, when the Great Recession began.
The textile industry has been able to stay healthy as it continues to focus on new products, Canzans report found.
But for other industries, like textiles and apparel, the recovery has been mixed.
Textiles have fared best in the manufacturing industry, with overall annual production falling to 2.5 million metric ton in May from 3.4 billion in the previous year, according the Gartning survey.
In other industries like electronics and automotive, the overall growth was even worse.
In May, for example, the sector saw a net loss of more than 10 million metric Ton of production, with textile and apparel companies seeing their production shrink to 1.3 million and 1.1 million metric, respectively.
While the sector was able to maintain a positive outlook, Canzes report found that it also had a number of challenges.
For example, textile production has grown significantly in the last five years, but in the first quarter of this year, textile companies reported a net profit of $7.9 billion.
The sector also struggled to find the best sources of supply for new products.
In particular, there are only a few large factories in the United States that produce textile apparel, Canzanos report found, and most of them have struggled to keep up with demand for garments.
Still other challenges remain.
The survey found the biggest hurdles to the industry are related to the fact that a lot of its products are made overseas, which can be difficult for the United State and other countries to compete with.
For this reason, Canzmanos research found that some of the companies with the lowest growth are also struggling to compete.
For textile apparel companies, the biggest challenges are to find sources of the highest quality textiles.
For apparel manufacturing, Canzios found that while the U, and other nations, have invested in new plant technology, they still do not have the ability to compete directly with textile companies.
Canzanos also found that the industry is struggling to find new sources of workers, as it was not able to attract enough workers during the Great Depression.
In addition, there has been a shortage of workers for textiles factories that produce products that are more costly, such as clothing and jewelry.
“Textile manufacturing is not just about the textile,” Canzanyos report stated.
“It is a broad industry that includes apparel, footwear, home goods, industrial machinery, home accessories, electrical equipment, and many others.”
The recession has helped to lift the textile industry, Canzonas report found: “The manufacturing sector is still in its early stages, and the recovery could take several years to fully emerge.
Nonetheless, the industries that have suffered most are in the textiles manufacturing sector.”