Italy'S Fashion Industry Is Not Optimistic In 2008.
According to the ansa website in Italy, the fashion industry in Italy will face enormous difficulties and severe challenges in 2008. The prospect is not optimistic. These are the conclusions drawn from the recent investigation and analysis of the Italy Fashion Association. This is evident at the end of 2007. According to the current forecast, sales will decline, textile industry will drop by 0.1%, clothing and accessories will drop by 1.1%. The production of the whole industry will drop by about 4%.
In 2007, Italy's fashion industry sales amounted to 69 billion 500 million euros, a real increase of 2.5%, less than 2.9% forecast. It is estimated that sales in 2008 will be around 70 billion 200 million euros, with a growth rate of less than 1%. Judging from the current market, the outlook for fashion industry in 2008 is not optimistic. The main reason is the increase in consumer instability, the lack of fiscal policy to support earnings, and the continued strengthening of the euro against the US dollar.
When talking about the fashion industry in Italy in 2008, the chairman of the National Fashion Association of Italy said: "if a country is faced with severe difficulties and the economy can not grow, the fashion industry is also affected by it. There is no doubt that the fashion industry overcame today's difficulties in 2008 than it is predicted and imagined.
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