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.
Year-on-year, the economy of the eurozone grew by 1%, while the whole European Union expanded 1.3%.
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.
News on the latest macroeconomic indicators related to the textile- and fashion industry worldwide.