News and trends of the textile market
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Fashion
Euro area’s unemployment rate drops to 6.5% in Apr 2023
In April 2023, the euro area’s seasonally adjusted unemployment rate was 6.5%, down from 6.6% in March 2023 and from…
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Fashion
1st agreement under US-Taiwan Initiative on 21st Century Trade signed
The first agreement under the framework of the US-Taiwan Initiative on 21st Century Trade has just been signed by representatives…
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Fashion
India’s RIL slashes PTA, MEG, MELT prices; POY, PTY prices up
Reliance Industries Limited (RIL), India’s leader in the polyester value chain, has announced price cuts of pure terephthalic acid (PTA),…
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Fashion
Mixed trends in south India’s cotton market; prices up in Mumbai
The cotton yarn market in southern India has been trending mixed lately, with prices in Mumbai rising while prices in…
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Fashion
India’s MoS Darshana Jardosh to inaugurate ColorJet pavilion at ITMA
India’s Minister of Textiles and Apparel (MoS) Darshana Jardosh is preparing to inaugurate the ColorJet booth at ITMA, 2023 which…
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Fashion
UK’s FUZE Biotech changes name to FUZE Technologies
As the demand for clean, chemical-free solutions for odor control and humidity management grows rapidly, FUZE Biotech will change its…
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Fashion
India’s manufacturing PMI reaches 58.7 in May 2023, highest since Oct
India’s Manufacturing Purchasing Managers’ Index (PMI) rose from 57.2 in April to 58.7 in May 2023, showing the strongest improvement…
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Fashion
UK researchers to study use of enzymes for textile longevity
Researchers at De Montfort Leicester University (DMU) have received funding from the UK Research and Innovation (UKRI) organization to study…
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Fashion
Italy’s 1.9% YoY GDP growth marks positive start to 2023
Italy’s seasonal and calendar-adjusted series of gross domestic product (GDP) measures grew by 0.6% quarter-on-quarter (QoQ) in the first quarter…
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Fashion
European parliament votes to curb fast fashion to boost sustainability
The European Parliament adopted a new strategy on sustainable and circular textiles with 600 votes in favor, 17 against and…
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