Markets

h By C. JUÁREZ

Mar 11, 2020 — 8:55am

Coronavirus, trade war and less confidence: the challenges of the world economy in 2020

Euromonitor has cut its growth forecasts of the world economy by 2020 by 0.1 points and 0.3 points due to the outbreak of the coronavirus.

h By mds

Mar 10, 2020 — 7:00pm

Euratex welcomes new EU industrial plan but wonders how it will be put into action

The European Apparel and Textile Organization reclaims “reality checks” and close monitoring of the implementation of the strategy, claiming that the EU has “failed to deliver” on previous plans.

h By mds

Mar 10, 2020 — 6:00pm

Eurozone GDP up by 0.1% in fourth quarter, weakest growth since 2014

Year-on-year, the economy of the eurozone grew by 1%, while the whole European Union expanded 1.3%.

h By C. J.

Mar 10, 2020 — 8:00am

How oil shock will impact fashion

International benchmark Brent crude plunged 31% yesterday, reaching 33 dollars. However, previous fluctuations didn’t have an impact on fashion, despite it’s a sector dependent on oil throughout all its value chain.

h By Mds

Mar 9, 2020 — 7:00pm

Germany to invest €12.4 billion to ease coronavirus impact

The investment will be made between 2021 and 2024 to help companies and workers affected by the coronavirus outbreak. The Government has also eased rules for short-term work compensation.

h By mds

Mar 9, 2020 — 4:50pm

Japan GDP shrinks 7.1% in fourth quarter, recession fears grow amid coronavirus crisis

The Japanese economy has shrunk at its biggest pace in more than five years, according to the last revision by the Japan’s Finance Ministry.

h By MDS

Mar 9, 2020 — 7:00am

Coronavirus: the lockdown in Northern Italy poses a menace for the trade of nylon 66

30% of the global production of nylon 66, one of the most common in the textile industry, derive from the isolated regions by the government in Italy.

h By P. RIAÑO / C. JUÁREZ

Mar 6, 2020 — 8:49am

Coronavirus: Turkey ups rates, fashion’s profit at risk

The movement of orders to countries of the Euro-Mediterranean pool is triggering a rise in prices from the part of suppliers.

h By MDS

Mar 5, 2020 — 4:10pm

The UN quantifies the impact of the coronavirus on the fashion industry: $1.5 billion

The United Nations Organization (UN) also estimates that the impact of the crisis on total exports reaches 50 billion dollars.

h By P. R / I. P. G

Mar 5, 2020 — 9:00am

Coronavirus: the crisis in China tenses sourcing in Bangladesh on the brink of the monsoon

The transfer to the Asian country of large productions with broken deadlines owing to the crisis in China is causing great chaos in Bangladesh.

h By MDS

Mar 4, 2020 — 7:37pm

Cotton, threatened: stocks to drop by 1% for this season amid coronavirus cloudy prediction

The International Cotton Advisory Council (ICAC) expects world cotton stocks to decline to eighteen million tonnes in 2019-2020.

h By MDS

Mar 4, 2020 — 7:02pm

The United States extends trade alliances to the European Union and Kenya

Trump administration continues to apply an “aggressive” strategy of launching new agreements while advocating changes in the World Trade Organization (WTO).

h By MDS

Mar 4, 2020 — 6:38pm

Philippines to revive its textile and garment industry

The Philippines is preparing a roadmap for the textile garment industry that will serve for the period of 2020-2029.

h By MDS

Mar 4, 2020 — 5:38pm

Textile, the most exposed supply chain by the coronavirus

International giants fear that the stoppage imposed as a precautionary measure to the expansion of the coronavirus may affect their supply chains, according BDO.

h By ANDREA ROSALES G.

Mar 3, 2020 — 6:08pm

The coronavirus lifts the ‘made in Mexico’: orders pick up amid crisis in China

Due to the outbreak of the virus, Mexican textile, the main hub in proximity to the United States, is starting to become a refuge to quickly cover an international demand.

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News on the latest macroeconomic indicators related to the textile- and fashion industry worldwide.