Total U.S. apparel import growth swung back into positive territory in January, according to data released last week by the U.S. Census Bureau, after turning in the first annual decline in 2016 in the category in the past four years.
Apparel imports rose by 4.8% in the first month of 2017, to $7.9 billion on a CIF basis, underperforming the 12 percent increase in total U.S. goods and services imports, which hit $187.6 billion in January.
On a 12-month smoothed basis, apparel imports fell by 5.5%, their smallest decrease in five months.
Apparel exports fell by 2% to almost $429 billion. Total U.S. goods and services exports rose by 9.1%.
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The Bangladesh Garment Manufacturers and Exporters Association wants to establish more reasonable wage standards for the country’s ready-made garment sector—and any potential shifts could come with a wage hike, too. The BGMEA has asked the government to form a wage board for workers in order……...Read more
Consumer prices rose by an expected rate in October compared to a year ago, the result of a retreat in energy prices that had spiked at the end of hurricane season, plus flat food prices. Apparel prices dropped slightly year-over-year.Read more
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Bangladesh has its sights set on fostering substantial growth in its leather manufacturing sector.Read more
Brandix, one of Sri Lanka’s leading exporters, has signed a joint venture agreement with global synthetic materials manufacturer Best Pacific of Hong Kong to produce synthetic fabric and webbing.Read more