(ANSA) – ROME, JANUARY 20 – In the first ten months of 2021, sales linked to Italian exports in the fashion sector recorded + 16.4% on the previous year with a double-digit rebound common to all sub-sectors. This is what emerges from the in-depth analysis of the SACE Research Department ‘Will Fashion be back in fashion?’. The gap with the pre-pandemic levels is still wide (-6.6%) even if with some differences: fabrics, fur clothing and leather goods and luggage are lagging further behind than knitwear and footwear, which in fact benefit from the impulse of international luxury brands; the export of other textile products, on the other hand, is the only sector to have already exceeded the levels of 2019.
Fashion is one of the main Italian manufacturing sectors and in the last months of 2021 manufacturing production was close to pre-crisis levels (-1.7% compared to the same period of 2019), while the fashion system still showed a large differential compared to 2019 (-22.5%; to a slightly lesser extent for textiles -10.4%) which is unlikely to have been filled by the end of the year. The same trend can also be found in the turnover index, albeit with a slight difference between the domestic and foreign markets: after the similar double-digit contraction in 2020, the recovery in domestic revenues between January and October 2021 was greater than that of the turnover from abroad (+ 22.0% vs + 14.7%).
In comparison with the same period of 2019, the data remain negative albeit with differences (-5.9% vs -9% respectively).
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Source From: Ansa
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