Australia’s apparel imports dip 2% as textile imports edge higher



There was also a month-on-month (MoM) ease in apparel imports in August ****, down by * per cent to Au$*.*** billion compared to Au$*.*** billion in August ****. Analysts suggest that cooler consumer sentiment and a shift towards value-driven fashion purchases have led to softer import demand.

Conversely, imports of textile yarn, fabrics, and made-up articles (classified under code **) rose by *.** per cent to Au$*** million (~$***.** million) during July–August ****, compared to Au$*** million in the same period of fiscal ******. The uptick indicates steady activity in Australia’s textile manufacturing and furnishing sectors. Fibre imports (classified under code **) inched up to Au$** million, from Au$** million during the same period.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *