Latin American exports have fallen by 9.9% in the last ten years, to 14 billion dollars last year.
Markets
The Gross Domestic Product (GDP) of the Asian country has slowed its growth rate compared to the previous two quarters, when it rose 6.4% of 6.2%, respectively.
The sector remains oblivious to political uncertainty and chains four consecutive months on the rise, after raising its sales by 2.6% in August 1.1% in July and 2.8% in June.
The President of the European Commission, Jean-Claude Juncker, and the British Prime Minister, Boris Johnson, have announced that a pact has been reached in case a hard Brexit happens.
The companies in the sector that appear in the Best Global Brands 2019 ranking, by Interbrand, added a brand value of 207.2 billion dollars.
The country’s retailers and suppliers have expressed concern about customs controls and new tariffs if an agreement with the European Union is not reached.
In year-on-year terms, the increase was 1.5%, according to data made public today by the Department of Commerce of the United States.
This market of consumers, that has an average expense of 830 billion dollars in the United States, is redefining consumption rules.
The international organization’s total outlook for 2019 shows a weak increase of the global GDP due to the slowdown of trade and industry.
According to the Boston Consulting Group and Altagamma, the secondhand market will grow from 25 billion dollars in 2018 to 36 billion dollars in 2021.
The holidays have recovered their dynamism after the drop registered in 2018. Despite all, the results are still far from the double-digit growth registered in the previous years.
Mexicans from 26 to 30 years old are the ones who buy and spend the most per month, especially men.
The United States clothing and footwear business will reach 535.9 billion dollars by 2023 boosted by specialized retailers, according to JustStyle and GlobalData.
Germany, the United States and Spain are amongst the most affected countries by global deceleration, according to the Oecd.
Benin, Burkina Faso, Chad and Mali have requested formal recognition of a World Cotton Day by the United Nations General Assembly.
News on the latest macroeconomic indicators related to the textile- and fashion industry worldwide.