Eurozone economy will slowdown, although consumption will continue being robust. Fashion sales, on the contrary, will close in red in all the biggest markets.
Iganacio de la Torre, chief economist of consulting firm Arcano, underlined yesterday in a presentation that recession is not the same as “great recession”, like the one that started in 2008.
The Actual Individual Consumption (AIC) by Eurostat underlines the advancement in consumption in countries undergoing a growing phase.
HSBC forecasts the luxury sector to slow down during the upcoming twelve months after the peak of 9% in 2018. However, the entity points out that the large groups of the sector will not be affected.
News on the latest macroeconomic indicators related to the textile- and fashion industry worldwide.