24Dec

Netherlands’ consumer confidence drops to -26 in December: CBS

Netherlands' consumer confidence stood at -26 in December, down from -25 in November, well below the 20-year average of -10, as per CBS. The economic climate index fell to -45 from -43, with pessimism about the past 12 months and future expectations worsening. Willingness to buy dropped to -13, with a slight improvement in sentiment toward buying consumer durables. ​Netherlands' consumer confidence stood at -26 in December, down from -25 in November, well below the 20-year average of -10, as per CBS. The economic...

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24Dec

DRDO, IIT Delhi, firms sign MoUs for protective clothing production

Ten pacts have been signed among the DRDO, IIT Delhi and industry partners. These include those on transferring technology of light-weight bullet-resistant jacket to Mishra Dhatu Nigam, Rohtak; SMPP Pvt Ltd, Delhi; and AR Polymers, Kanpur; and for limited series production of extreme heat protective clothing with Arrow Garments and two other companies based in Delhi. ​Ten pacts have been signed among the DRDO, IIT Delhi and industry partners. These include those on transferring technology of light-weight bullet-resistant jacket to Mishra Dhatu Nigam,...

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24Dec

Global sportswear giants post strong financial gains in 2024

The sports and activewear industry saw a robust performance as of September 2024. American company Under Armour, however, showed a decline. Companies like Goldwin Inc and Amer Sports reported significant increases in sales and profits, while Adidas AG exceeded expectations in its third quarter. Puma SE and Gildan Activewear experienced moderate growth, mainly in sales or profits. ​The sports and activewear industry saw a robust performance as of September 2024. American company Under Armour, however, showed a decline. Companies like Goldwin Inc and Amer Sports reported...

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24Dec

South Korea’s apparel imports gain 5% to $907 mn in Nov 2024

In November 2024, South Korea's apparel imports rose to $907.518 million, marking a 5.22 per cent increase year-on-year, despite a sharp 32.16 per cent decline from October. Over the year, total imports amounted to $11.430 billion, with significant contributions from both knitted and non-knitted apparel. The country also maintained robust exports of textile materials. ​In November 2024, South Korea's apparel imports rose to $907.518 million, marking a 5.22 per cent increase year-on-year, despite a sharp 32.16 per cent decline from October. Over the year,...

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24Dec

Nov German industrial products producer prices up 0.1% YoY, 0.5% MoM

The producer prices of industrial products in Germany were 0.1 per cent higher YoY and 0.5 per cent higher month on month (MoM) in November. This was the first YoY increase recorded since June 2023. Higher capital goods prices were the main reason for the YoY rise. When energy prices are excluded, producer prices in November were up by 1.3 per cent YoY and down by 0.1 per cent MoM. ​The producer prices of industrial products in Germany were 0.1 per cent higher YoY...

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24Dec

UK manufacturing output falls fastest since 2020 amid weak demand

UK manufacturing output fell sharply in Q4 2024, with volumes dropping at the fastest pace since mid-2020 (-25 per cent) and further declines expected by Q1 2025 (-31 per cent), per CBI. Order books weakened significantly, export orders fell, and stocks of finished goods were high. Selling price inflation rose. Political instability and budget impacts drove low confidence. ​UK manufacturing output fell sharply in Q4 2024, with volumes dropping at the fastest pace since mid-2020 (-25 per cent) and further declines expected by Q1...

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23Dec

Optimism in north India as weather conditions boost cotton yarn demand

The cotton yarn market of north India experienced a slowdown in the last week of the year, influenced by the holiday season and stable pricing. However, optimism persists as rainy and cloudy weather conditions have increased demand for winter garments, possibly improving cash flow and demand for recycled polyester products in the coming year. ​The cotton yarn market of north India experienced a slowdown in the last week of the year, influenced by the holiday season and stable pricing. However, optimism persists as...

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23Dec

Indian Textiles Ministry launches agro-textile centre in Gujarat

India's Ministry of Textiles, in collaboration with SASMIRA, has launched a climate-smart agro-textile demonstration centre in Navsari, Gujarat. Covering 15,000 square metres, it showcases agro-textile solutions like shade nets, ground covers, and pond liners. The centre will provide live demonstrations, practical training, and IoT-based monitoring. ​India's Ministry of Textiles, in collaboration with SASMIRA, has launched a climate-smart agro-textile demonstration centre in Navsari, Gujarat. Covering 15,000 square metres, it showcases agro-textile solutions like shade nets, ground covers, and pond liners. The centre will provide live demonstrations,...

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23Dec

India’s Cosmo First launches advanced PPF for vehicle exteriors

Cosmo First launches innovative Paint Protection Films (PPF) for vehicles, featuring advanced scratch resistance, self-healing, UV and chemical protection. The Platinum variant offers 8-mil thickness with a lifetime warranty, while the Gold variant ensures durability with a 5-year warranty. Market trials begin as Cosmo responds to rising demand for premium car protection. ​Cosmo First launches innovative Paint Protection Films (PPF) for vehicles, featuring advanced scratch resistance, self-healing, UV and chemical protection. The Platinum variant offers 8-mil thickness with a lifetime warranty, while the Gold...

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23Dec

US trade bodies urge next govt to focus on IP protection, counterfeits

A group of US trade bodies have urged President-elect Donald Trump to convene an inter-agency working group to fight illicit trade, protect intellectual property (IP) and eradicate counterfeits soon after assuming office. It called for supporting passage of the SHOP SAFE Act to incentivise e-commerce platforms to improve their systems to detect and prevent the sale of counterfeits. ​A group of US trade bodies have urged President-elect Donald Trump to convene an inter-agency working group to fight illicit trade, protect intellectual property...

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