Germany’s industrial textile exports at $1,397 mn in H1 2024
Germany exported $1,397.648 million worth of industrial textiles in H1 2024, lower than H1 2023 but higher than H2 2023. Exports in 2023 totalled $2,703.325 million. The US was the top export market
Permanent salary growth falls again in UK: KPMG-REC survey
There has been a further reduction in permanent placements in the UK during September, extending the current run of contraction to two years, the KPMG and the Recruitment...
Yarn prices drop in south India on slow demand, rising cotton arrival
Cotton yarn prices in south India have dropped due to sluggish demand and increased cotton arrivals. Both the Mumbai and Tiruppur markets are facing pressure as spinning mills remain cautious about new
Aug sees 9th straight month of double-digit growth in global air cargo
Total global air cargo demand rose by 11.4 per cent YoY in August, data by the International Air Transport Association show. This is the ninth month in a row of double-digit...
Aug industrial producer prices up 2.3% YoY in euro area, 2.1% in EU
Industrial producer prices increased by 0.6 per cent month on month (MoM) in the euro area in August this year and by 0.4 per cent MoM in the EU, according to Eurostat. These...
US adds 254,000 jobs in Sept 2024: BLS
The US economy added 254,000 jobs in September and the unemployment rate, at 4.1 per cent, and the number of unemployed, at 6.8 million, changed little. The figure exceeded...
China’s fabric exports at $39.5 bn, top 5 markets capture 40% share
China exported $39.52 billion worth of fabric in the first seven months of 2024, with Vietnam, Bangladesh, Cambodia, Indonesia, and India accounting for 40 per cent of these exports. Vietnam was the
Vietnam attracts FDI worth $24.78 bn in Jan-Sept 2024
Vietnam garnered over $24.78 billion in FDI in the first nine months this year—a YoY rise of 11.6 per cent. The figure includes $13.55 billion invested in 2,492 newly-licensed...
Challenging biz conditions in Australian industry in Sept: Ai Group
The seasonally-adjusted Australian Industry Group industry index slightly improved in September by 4.9 points to minus 18.6 points, but continued to point towards challenging...
Cotton yarn prices stable amid muted demand in south India
Cotton yarn prices in south India remained stable amid weak demand and limited supply. Both Mumbai and Tiruppur markets saw muted activity as fabric manufacturers prepare for summer production. Higher
Interim govt in Bangladesh approves new export policy
The interim government in Bangladesh yesterday approved the National Export Policy 2024-27 that aims at close-to-doubling annual export earnings to $110 billion by FY27. The...
Drewry WCI declines, freight rates may reverse amid rising tensions
Drewry World Container Index (WCI) dropped by 5.47 per cent to $3,489 per 40ft container, continuing its decline due to weak demand. However, rates could rise soon due to...
Cambodian economy projected to grow 5.5% in 2024: IMF
The IMF has projected that the Cambodian economy will grow by 5.5 per cent in 2024, up from 5 per cent last year, driven by a strong rebound in garment and agricultural exports...
Support for implementing EUDR strengthened, additional time offered
The European Commission has released additional guidance and a stronger cooperation framework to support global stakeholders, member states and third nations in their preparations...
ICE Cotton surges on short covering, crop concerns, stronger crude oil
ICE cotton prices rose due to hurricane damage, short covering, and stronger crude oil prices linked to Middle East tensions. Trading volumes dropped as holidays in China...
Japan’s manufacturing health worsens for 3rd month in a row in Sept
The health of the Japanese manufacturing sector deteriorated for the third straight month during September, reflecting a renewed fall in production levels and a sustained...
Typhoon hits Vietnam’s manufacturing production in Sept: S&P Global
Typhoon Yagi caused a marked reduction in manufacturing production in Vietnam in September, ending a five-month sequence of expansion, S&P Global Ratings said. After output...
3,500 FDI garment-textile projects in Vietnam worth $37 bn: VITAS
Vietnam has attracted 3,500 FDI garment-textile projects till now with a combined value of $37 billion, according to the Vietnam Textile and Apparel Association (VITAS). It...
HSBC keeps Vietnam’s GDP growth at 6.5% for 2024, 2025
HSBC has maintained its GDP growth forecast for Vietnam at 6.5 per cent for 2024 and 2025, as economic recovery firms up. It maintained its inflation forecasts at 3.6 per...
Strongest reshoring-related growth in 2023 in Vietnam: S&P GMI report
The strongest rise in reshoring-related sales in 2023 was in Vietnam, while manufacturers in Mexico and Vietnam were the most bullish about their ability to capitalise on...