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Global trade fell in most sectors in 2023, and apparel and textiles were among the sectors where the trade value dropped by over 10 per cent, a recent UNCTAD report said. India’s trade reliance on China and the EU has risen by an estimated 1.2 per cent despite India’s efforts to cut reliance on China. The US cut reliance on China by 1.2 per cent last year. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/dv8g6KFe

The euro area saw a $16.09-billion goods trade surplus with the rest of the world in April compared with a deficit of $11.91 billion in April 2023, the first Eurostat estimates show. The EU balance showed a $14.91-billion surplus in trade in goods in April compared with a deficit of $15.24 billion in April 2023 and a $24.14-billion surplus in March 2024. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/dAQVJh3E

Export expectations in Germany rose to -3.8 points in November from -6.3 in October, indicating a slight improvement in sentiment among German exporters. Growth in exports is anticipated in only a few industries, with a general expectation of decreased international orders, as per ifo Institute – Leibniz Institute for Economic Research. Clothing manufacturers expect to increase exports. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews #exports #germany https://lnkd.in/d7V-4Jam

Turkiye’s economic confidence index rose by 1 per cent in March to 100 from 99 in February, while the country’s consumer confidence index increased by 0.02 per cent to 79.4 from 79.3 in February. The manufacturing sector confidence index rose by 1.5 per cent in March to 103.5 from 102 in February. The retail trade confidence index fell by 1 per cent to 113.3. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/dpvJ43Cr

Turkiye's economic confidence index fell 1.5 per cent to 94.4 in July 2024, according to the Turkish Statistical Institute. The consumer confidence index dropped 3.1 per cent to 75.9, and the manufacturing industry confidence index declined 1.8 per cent to 98.7. The retail trade confidence index decreased by 1.5 per cent to 107.1 in July. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/dQqyW4Mc

February data indicates renewed economic growth in Germany's export markets, according to S&P Global. The country’s export conditions improved for the first time since May 2023. Structural headwinds to German manufacturing performance have persisted so far this year that have held back export sales in spite of a more favourable backdrop for global trade. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/d5aqyD7u

S&P Global Market Intelligence noted a further deterioration of global trade in December, extending the sequence of decline to nearly two years. Manufacturing led the downturn as 2024 began. Trade mainly improved in India and China. Most developed nations continued to see trade conditions weaken; a near-stabilisation of conditions was observed in the UK. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/dF5cfpDm

China’s manufacturing sector conditions improved further at the end of Q1 2024, driven by greater inflows of new work, including from abroad, PMI data by S&P Global show. Manufacturers raised production and purchasing levels amid improved optimism. Input costs fell for the first time in eight months, enabling manufacturers to further lower selling prices. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/dhzQmiUy

The #EU #trade balance returned to a surplus level of €1 billion in Q2 2023 after six quarters of deficit, showing a recovery from a €155 billion deficit in Q3 2022, as per Eurostat. The turnaround has been primarily attributed to a decline in #energy prices. #Exports fell by 2 per cent, while imports saw a more significant reduction of 3.5 per cent. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/da65277P

Vietnam's economy grew by 6.42 per cent in H1 2024, slightly lower than 6.58 per cent in H1 2022, i.e, the second fastest rate for the period in the last five years. For Q2 2024, growth reached 6.93 per cent, lower than 7.99 per cent in Q2 2022. Export and import of goods and services were up by 16.89 per cent and 16.95 per cent respectively during H1. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/dVd3W-gs