Home / Knowledge / News / Apparel/Garments / Donot start celebrating retreating recession - Clothing experts
Donot start celebrating retreating recession - Clothing experts
14
Sep '09
Despite the two biggest economies of Europe; Germany and France recording economic growth in the second quarter, garment exporters in Bangladesh do not sound optimistic about the same.

Experts from the sector aver that in spite of the good tidings, shipments from the sector, which is the biggest foreign exchange earner for Bangladesh, will not benefit from these positive signs.

The Federal Reserve in the US has also announced that its economy was stabilizing. Experts point to the alarming dip in shipments in the month of July, the first month of the current fiscal year.

They add by saying that the actual impact of a reversal of the recessionary trends and as and when they abet, will start showing from 2010 onwards and the apparel sector should not start celebrating.

But for every dark cloud, there is a silver lining. Buyers from new markets like Japan are descending on the country in large numbers, which has helped narrow down export contraction, from this very important sector.

Exports of woven garments dipped by 4.66 percent, while knitted apparel shipments grew by 1.77 percent in July, while the over all decline from the sector touched 6.80 percent, when compared with July 2008.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Alibaba Group

Apparel/Garments | On 18th Jan 2017

Alibaba forges global alliance to fight counterfeiting

Jack Ma led Alibaba Group has forged an alliance with various global...

Apparel/Garments | On 18th Jan 2017

HanesBrands earns above average scores in CDP 2016

Global apparel and innerwear retailer HanesBrands said it has...

Courtesy: UPM Raflatac

Apparel/Garments | On 17th Jan 2017

New residue free textile label adhesive from UPM Raflatac

Producer of self adhesive label materials UPM Raflatac, has...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search