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Growth In Clothing And Leather Related Industries In The United States Has Declined.

2014/12/11 17:02:00 17

American ApparelLeatherInternational Leather Market

According to the survey data released by the Institute for supply management on Monday, the US manufacturing sector declined slightly in November, but the rate of expansion remained stable.

Ready-made clothes

The growth of leather and related industries has declined.

The Institute said the US managers purchasing index (PMI) was 58.7 in November, down from 59 in October.

The PMI index is more than 50 indicating expansion, and the US data has been maintained at over 50 for 18 consecutive months.

Analysts forecast that PMI in November was 58, but the actual data exceeded expectations, higher than the average of 55.9 in 12 months.

In the 18 industry surveys, 14 industries reported growth, and only garment and leather related industry reports had shrunk.

The Institute also said that respondents were optimistic about the strong growth of demand and new orders, while expressing concern about the slow negotiations and possible strike actions on the west coast port agreement.

 

The volume of domestic trade in South East Africa is stable.

Leatherwear

Industry will focus

According to Zambia media reported on Wednesday, the Common Market for Eastern and Southern Africa (COMESA) has increased its turnover in the free trade area from $20 billion 900 million to $30 billion over the past 10 years.

The common market of South East Africa will focus on achieving the goal of industrialization, and solve the supply chain problems for SMEs through the established leather, textile and cassava industrial cluster projects.

The new Algeria project aims to amend the illegal trade in raw leather.

Southern Algeria is building a new project to train local people in tanning technology and vegetable tanning.

Finished leather

Manufacturing products.

According to local media, Algeria hopes to make full use of its raw skin and reduce the illegal export of raw leather.

ANGEM, a funding agency, will provide financial support to trainees and provide loans for entrepreneurship after they have completed their studies.

Tamanrasset can produce 1800 camel skins and 12000 goat skins every month, but most of them are illegally exported to Niger. After tanning and leather making, Algeria is bought at a high price.

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