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.
Kristalina Georgieva has warned that trade war would represent a loss of around 700 billion dollars for 2020 or about 0.8% of GDP.
The European Union and the United States are the world’s largest partners in trade and investment. Now, the tariffs announced by the Trump Administration could be a serious threat to the European fashion business in the country.
It has been the worst month for the fashion sector in the country since 2011. The closure of stores and increasing uncertainty weaken consumer’s confidence.
Retail trade in the countries that have the euro as common currency increased 0.3% compared to the same period of the previous year.
News on the latest macroeconomic indicators related to the textile- and fashion industry worldwide.
