Internet has boosted secondhand to a consumption global phenomenon. A market that up until now was secondary, is estimated to become even bigger than the traditional business in five years in the United States.
Forecasts point that exports in November will reach its maximum right before tariff raises planed for mid-December.
According to an IndexBox report, leather production in United States registered a drop of 12.1% last year.
According to the macroeconomic indicators about the evolution of the economy, industrial production, employment or exports are expected to have a rough end of the year.
Apparel and leather goods retail in Italy add two months in the rise after downfall in April and May, with drops of 1.3% and 4.9%, respectively.
Last previsions of the International Cotton Advisory Council (Icac) indicate a drop in the prices of the 2019-2020 period due to a rise of 5% in production and 1% in consumption.
Fashion sales in the country grew 2.3% in 2018, up to 3.5 billion euros and its estimated that they grow 2.2% more in 2019, according to Statista.
Fashion retail trade in the eurozone slows down after growing 4.6 in June, according to the latest available data published by the Statistics Agency Eurostat.
The Bangladesh Garment Manufacturers and Exporters Association (Bgmea) has created the new Readymade Sustainability Council (RSC) to take over in terms of safety in its factories.
One of the collateral effects of the trade war between the United States and China is the historic devaluation of the yuan, that not only defies its opponent, but also the entire global commerce.
The sector remains distant for now from the political crisis that the country is going through and reaches two months of rises, after an increase of 3.2% in June, according to the last available data of the British National Statistics Office.
This weekend, the tariff raises announced by Trump’s administration to the Chinese imports started operating. It’s the first time the trade war affects textile directly.
Economy is still in the same uncertainty scenario than the last couple of months. Trade war gets stronger, Brexit explodes, and interest rates sink.
The country is the fourth with the lowest prices for fashion, only after Hungary, Romania and Bulgaria.
The government of the country has activated an action plan with twenty measures to speed the economy model and stimulate domestic consumption to mitigate the downfall in international trade.
News on the latest macroeconomic indicators related to the textile- and fashion industry worldwide.
