According to IFM studies, French textile production dropped a whopping 25 % during the first eight months of 2009. There is nothing exceptional about France’s performance in Europe, as on average, European Union member countries have seen their textile production deteriorate 20 % this year in comparison to 2008. Textile producers, faced with competition from China and Turkey, are also heavily impacted by the crisis their customers in manufacturing are enduring.

Extract of an editorial written by Gildas Minvielle and published in the “Lettre Economique” of November 2009, from the Institut Français de la Mode’s economic observatory, a monthly Economic Trends Newsletter which is an informational monitoring tool aimed at professionals in the sector, that detects and analyses changes and trends in the sector.

Read the whole article:
http://www.ifm-paris.com/asp/fr2/econ_obse_4_1_lettreconj.asp

During the month of July, spending of fashion and textile products in France dropped 8.8% in value in comparison to July 2008. Not a single retail channel has remained unscathed by the despondency of the market.

The slump in consumption has led to a serious decrease in business for producers upstream in the industry. Retailers have taken to clearing out their stocks and increasing their sourcing in Asia to maintain their profit margins when faced with dwindling demand. Moreover, today price stands out as a crucial criterion in consumption behavior, which makes long-distance imports ever more attractive. Consequently, during the first two quarters of 2009, textile production in the European Union has plummeted 22%. Most member countries have been affected: Italy has seen its production figures drop 25% and in France production has nosedived 27%.

This fall in consumption of fashion and textile articles will probably continue through the end of the year, as only real improvement in the jobs market will provide the solid base necessary to build recovery on.

Extract of an editorial written by Gildas Minvielle and published in the “Lettre Economique” of September 2009, from the Institut Français de la Mode’s economic observatory, a monthly Economic Trends Newsletter which is an informational monitoring tool aimed at professionals in the sector, that detects and analyses changes and trends in the sector. Read the whole article: http://www.ifm-paris.com/asp/fr2/econ_obse_4_1_lettreconj.asp

Final results of the whole year 2008 revealed a drop of 3% in value of the French clothing and textiles articles consumption compared to 2007. Other members of European Union also showed withdrawals of consumption last year.

Above, the summary of an article written by Gildas Minvielle and published in the “Lettre Economique” of March 2009, from the Institut Français de la Mode’s economic observatory, a monthly Economic Trends Newsletter which  is an informational monitoring tool aimed at professionals in the sector, that detects and analyses changes and trends in the sector.

 Read the whole article: http://www.ifm-paris.com/asp/fr2/econ_obse_4_1_lettreconj.asp