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Markets
The Chinese Textile Association in Cambodia (Ctac) aims to increase Chinese investments in the garment industry in the country of Southeast Asia.
The protests that started last May in the Chinese city have especially affected sectors like tourism and retail. The government has stated that the economy in the country didn’t increase in the third quarter.
Fashion has its eyes set on the country after its new president election to see how international operators will follow the agreement signed last June between Mercosur and the European Union.
Growth in the denim market is driven by various factors such as expanding ecommerce, growing working population, rising GDP and adoption of a western lifestyle, according to a report by Research and Markets.
The 27 countries that form the European Union have agreed to extend to January 31 of next year the time to negotiate the exit of the country chaired by Boris Johnson.
Gen Z and seniors are the segments of the population that will spend the most, according to the 2019 Retail Holiday Survey report, by the consultant JLL.
The sector chains eight months on the rise, according to data from El Instituto Nacional de Geografia y Estadística (Inegi).
Of a total expenditure of 61,224 dollars per family, apparel and services accounted for 1,866 dollars in 2018, compared to 1,833 dollars the previous year.
The government of the country answered the claims of the apparel manufactures y and reduced taxes at source on the export of products including garments.
Household consumption will also grow this year above the country’s GDP in the United Kingdom and Canada. In France, Spain or Japan, on the other hand, private spending grows less than global economy.
The State Council of the People’s Republic of China has launched a set of reforms aimed at optimizing the business environment and accelerating the creation of a modern economic system.
The most stable country in the region is often chosen as a starting point in South American for many international fashion retailers.
Adam Mansell, chief executive of the UK Fashion&Textiles Association, has been named new president of the International Association for Textile Care Labeling. Spanish executive Alejandro Laquidain will be vice-president.
There are only twenty cities under these characteristics in the world. Most of them are located in North America and in the Asia Pacific region.
News on the latest macroeconomic indicators related to the textile- and fashion industry worldwide.