Clothing sales down in 2005, 2006 may see exports lagging
06 Feb '06
1 min read
Australian Wool Innovation Limited conveyed that Italy's economy appeared to be flirting with recovery since the latter part of 2005.
However, growth into 2006 is expected to be anaemic at best, primarily due to the steady deterioration of its export competitiveness rather than flagging domestic consumption.
According to the Italy's Istituto Nazionale di Statistica, domestic consumption began a moderate lift in October 2005, while clothing sales, in nominal terms, lifted more buoyantly to record the fourth consecutive monthly rise in November.
Despite these more positive trends, clothing sales were forecast to fall for the full 2005 year, compared with a rise expected for total retail sales.
We are unlikely to see a full recovery in domestic expenditure, with consumer confidence dipping again in January.
Early reports may have hinted at strong December retail sales results, however anecdotal evidence points to many Italians cutting back on luxuries such as cars and even new suits.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
