Yarn prices stable in north India as new cotton arrives in Haryana
Cotton yarn prices in northern India remained stable despite weak demand and rising cotton costs in Delhi and Ludhiana. Buyers were hesitant to make new deals, though demand is expected to increase post-monsoon
Cinte Techtextil China 2024 to highlight APAC market opportunities
Cinte Techtextil China 2024, set for September 19-21 in Shanghai, will feature nearly 400 exhibitors across 38,000 sqm. The event will showcase technical textiles, nonwovens,...
Industrial production declines in euro area & EU in July 2024
In July, industrial production declined by 0.3 per cent in the euro area and 0.1 per cent in the EU from June. Compared to July 2023, the euro area saw a 2.2 per cent drop,...
Container leasing rates plateau amid global shipping market variations
The global container shipping industry is facing challenges as leasing rates plateau with regional variations. Container Price Sentiment Index (xCPSI) dropped from 83 in...
UK economy gathers momentum amid ongoing challenges: OECD
The UK economy is gradually improving, with OECD projecting 1.1 per cent GDP growth in 2024 and 1.2 per cent in 2025. Inflation is easing, but core inflation remains high,...
China announces zero-tariff treatment for LDCs with diplomatic ties
China will offer all least developed countries (LDCS) with which it has diplomatic ties zero-tariff treatment for all tariff lines, the Customs Tariff Commission of the State...
Drewry WCI plummets 12.71% as shippers brace for potential ILA strike
Drewry World Container Index dropped by 12.71 per cent to $4,168 per 40ft container in mid-September, continuing its decline since a rise two months ago. The index is now...
European Central Bank lowers interest rates, growth forecasts
The European Central Bank yesterday lowered the deposit facility rate by 25 basis points to 3.50 per cent. The changes will take effect from September 18. The bank estimates...
Cotton yarn trends: India’s export growth, China’s domestic challenges
India holds a dominant position in cotton yarn exports, while China, despite high production, exports less due to strong domestic demand. Fluctuations in cotton supply, energy costs and geopolitical
Vietnam's textile imports from China surge 12.36% in Jan-July 2024
Vietnam imported $7.605 billion worth of textile products from China during January-July, marking a 12.36 per cent increase from previous year. Fabric accounted for over 85 per cent of these imports,
US CPI-U up 0.2% in Aug 2024; index for apparel up 0.3%
The US consumer price index for all urban consumers (CPI-U) increased by 0.2 per cent in August this year on a seasonally adjusted basis—the same increase as in July, the...
Fitch expects 2024 world growth at 2.7%, US forecast revised to 2.5%
In its September 2024 Global Economic Outlook, Fitch Ratings expects world growth to be in line with its historical trend in 2024 at 2.7 per cent, 0.1 pp higher than the June...
UK employment rate for May-Jul 2024 74.8%, unemployment rate 4.1%
UK employment rate between May and July this year was 74.8 per cent and was below estimates for May-July 2023. Unemployment rate of 4.1 per cent for the period was below...
Seasonally-adjusted Turkish unemployment rate estimated 8.8% in Jul
The number of unemployed aged 15 and above in Turkiye fell by 112,000 to 3.167 million in July compared to the previous month. The seasonally-adjusted unemployment rate...