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Italy's textile revenues up five per cent

Italy’s textile industry revenues for 2015 are expected to close five per cent higher than the prior year. The expectation is based on a forecast of the euro exchange rate in line with the current trend. There is also an expected 6.5 per cent increase in revenues for the first half of 2016.

Significant investments are slated for the promotion of Italian-made fashion and textile products. There is finally a clear sign of recovery following many difficult years of economic struggle for the industry. The Italian textile and fashion industries went up 2.7 per cent in 2014 over the year before. Italy holds the unquestionable supremacy of the textile market worldwide. Italian textiles and fabrics are famous all over the world for their high quality obtained through innovative machinery, techniques and processes that lead to the introduction of new fashion fabrics and textiles.

During the last few years the industry has moved out of basic textile product segments and into end products. The Italy’s textile industry has a global market share of seven per cent and is the second major producer behind China. Italy is also a pioneer in the premium market segment. The country has been a pioneer in exporting yarns and woolen fabrics.

 

 
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