Leaders from the factory unions in Ethiopia’s textile and garment sector met this week in Addis Ababa.
Markets
The European Parliament has approved an institutional declaration warning of the need to act quickly. Europe is the first continent to declare this.
According to Moody’s latest report, tariffs on Chinese imports will affect clothing and footwear retail in the American market between the next twelve and eighteen months.
The sector is estimated to reach 1.26 billion euros by the end of this year, according to the Worldwide Luxury Market report by Altagamma and Bain&Company.
Manmade cellulosic fibers category are increasing steadily with a market share of approximately 6.2% of total fiber production volume, double what it was in 1990.
Social riots have extended throughout all the region, from Chile to Bolivia. This weekend, the Army went on the streest in Colombia.
From Thanksgiving Day through Cyber Monday, 79% of consumers plan to shop for holiday gifts, spending an average of 415 dollars per household, according to a Deloitte survey.
The Australian council is the second fashion body to become a signatory to the UN Fashion Charter and appoints Leila Naja Hibri as new chief executive officer.
The company founded by an association of American cotton growers has set six sustainable goals to implement in its production methods over the next decade.
India, China, Kyrgyzstan, Tanzania and Turkey have led organic cotton production during the last season, according to a Textile Exchange report.
The European Commission is urging the Cambodian government to answer to its report on the situation of human rights in the country to avoid the withdrawal of tariff benefits.
This is the lowest forecast ever of the day of discounts, “possibly flat”, according to a study by Imrg.
In the last two years, the factories that are undertaking digital implantations have increased from 43% to 68%, according to the Smart factories scale report by Capgemini.
The sector continues to move away from political uncertainty of Brexit with five consecutive months on the rise, according to data from the Office for National Statistics.
The Gross Domestic Product (GDP) of the euro zone maintains the same growth rate as in the second quarter, according to the latest data from the European statistical office Eurostat.
News on the latest macroeconomic indicators related to the textile- and fashion industry worldwide.