Fashion manufacturing in Prato dropped 3.1% in the first nine months of the year, according to data from Cofindustria Toscana Nord.
Prato drops its numbers for the first time in two decades. The Italian city, one of the main European manufacturing hubs for clothing and apparel, has dropped its production rate for the first time in 20 years.
In the first nine months of the year, Prato production has fallen by 3.1%, down the 7.4% increase year-on-year, according to the latest available data published by Confindustria Toscana Nord. In the first two quarters of the year, it dropped 4.6% and 5% respectively.
Prato is one of the main European manufacturing hubs for clothing and apparel. The city has about 5,000 companies that specialize in textiles, most of them owned by Chinese groups. In total, Prato has almost 40,000 workers in the textile industry.