During the seasonal press conference held on Thursday by trade show organizer Pitti Immagine to present the schedule of Florence-based international men’s wear fair Pitti Uomo, running Jan. 10-13, Italian fashion and textile consortium SMI Sistema Moda Italia released its research on the status of the country’s textile and fashion compartment.
According to the study, after a positive first quarter that saw revenues gain 2.2 percent, compared with the same period last year, the second quarter slowed down, posting a 2 percent decrease. This referred to the textile, ready-to-wear and accessories markets. SMI provided a scenario, but not detailed figures.
According to data elaborated on the base of companies’ forecasts, the negative trend would continue in the third quarter of the year, with revenues expected to be down 2.4 percent.
Data provided by the Italian National Institute of Statistics pointed that, in the first eight months of the year, the exports of textile and fashion products were up 0.5 percent to 17.5 billion euros, or $ 18.6 billion at current exchange rate, compared to the same period last year. While the total exports toward European countries, mostly Germany and France, rose 2.2 percent, those directed to the extra-European markets were down 1.6 percent. In
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