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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.

International trade was one of the discussion points of the leaders of the world’s biggest economies, that met last weekend in Biarritz.

The Asian giant announcement happens right before the American government activates the new tariff rises of the 10% to the Chinese imports worth 300 billion dollars.

The president of Inditex, Pablo Isla, attends today the presentation of this agreement signed by 32 international fashion groups next to the president of France, Emmanuel Macron.

Fashion global commerce jumped to 471 billion dollars in 2017. In the same period, global commerce boosted 26.4%.

Donald Trump tariff increase starting September 1st, represents 77% of textiles, garment and footwear, according to the spokesperson of the sector in United States.

The Pekin government released last Friday that a budget plan will be activated soon to boost domestic consumption for what is left of 2019 and 2020.

Restrictions over exports is one of the main reasons of the impact in the global economy, according to the World Trade Organization.

Bestseller, Gap, Li&Fung, PVH, Target, VF Corporation or Target are some of the big fashion retailers that participate in the Life and Building Safety Initiative (Labs) platform to promote safety in the factories located in these countries.

Industrial production in the country grew 4.8% in July compared to the same month in the previous year, and 1.5% less than the previous month.

Year-on-year the eurozone economy rised 1.1% according to the last data published today by the European Statistics Office, Eurostat.

The American government has stated that some of the new tariffs rise for the Chinese fashion imports, specifically apparel and footwear sectors, will be delayed until mid-December.

The German government has started a Grüner Knopt (green button in its German meaning) in which it would support all textile articles that follow certain social and environmental criteria.

The Ethiopian economy will be the one with the biggest rise in the next two years in the sub-Saharan Africa, according to the International Monetary Fund (IMF).

The global market of cotton and polyester has been in the middle of the trade war between China and United States during the last year.

The measure, that will become effective in September, adds to the 25% rate applied in May. Amongst the more affected is the sportswear industry.

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Modaes Global - Markets | Macroeconomic news related to the fashion business. All the news of macroeconomic indicators of the textile and fashion industry. - Modaes Global.

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