WASHINGTON — Wholesale prices for domestically made apparel increased 0.2 percent in November from the previous month, and rose 0.9 percent year-over-year, the Labor Department said Friday in its Producer Price Index.
Prices for women’s and girls’ apparel rose 0.2 percent last month, and were flat compared with last year. Men’s and boys’ domestic apparel prices increased 0.1 percent from the previous month and 1.6 percent from November 2007.
Prices for all goods manufactured in the U.S. fell 2.2 percent in November, the second consecutive month of falling numbers. The decline was driven primarily by lower energy prices.
Along with energy, the overall domestic price index has declined, a trend that is expected to work its way through the pipeline to other goods if fuel and commodity costs continue to go down, said Patrick Newport, U.S. economist for Global Insight.
There is concern that falling prices could fuel a deflationary cycle. In apparel, the PPI is not a true indicator of price fluctuations, since only a small percentage of goods are made in the U.S.
“Although deflationary prices outside the energy sector did not appear to be widespread in November, the evidence is that those pressures are worsening rapidly further down the pipeline and could be felt in coming months if supplies continue to outstrip demand,” said Charles McMillion, president and chief economist, MBG Information Services.
Producer prices for women’s knit shirts and blouses increased 1 percent from October and 0.8 percent in 12-month comparisons. Women’s woven shirts and blouses rose 0.2 percent from the previous month, and were up 3.9 percent compared with a year earlier. Dresses increased 0.4 percent in November, and were up 1.9 percent compared with November 2007.
Wholesale prices for men’s and boys’ work shirts, work clothing and knit shirts were flat in November. In yearly comparisons, costs increased 3.9, 0.8 and 0.3 percent, respectively.
Woven shirts and suits both rose 0.4 percent compared with the previous month, and were up 2.4 and 4.6 percent, respectively, in 12-month comparisons. Tailored sport coats and vests increased 1.1 percent, and rose 6.6 percent year-over-year.
November prices for textile mill products, mostly apparel fabric, increased 0.1 percent from October and spiked 5.4 percent from the previous year. Prices for home furnishing and industrial fabrics, also called textile product mills, increased 0.1 percent and were up 3.6 percent year-over-year.
Deeper in the pipeline domestic costs for synthetic fibers dropped 1.5 percent from the previous month, but increased 0.9 percent year-over-year. Yarn prices dropped 0.9 percent, but spiked 6.5 percent from November 2007. Greige fabrics climbed 0.1 percent, and increased 3.1 percent from a year earlier. Prices for finished fabrics were up 0.2 percent in month-to-month comparisons, and increased 5.7 percent in the year.
From overseeing America’s fastest-growing speciality retailers to codifying cool, WWD talked to the women who are leading the way for the future of beauty. Check out our Instagram Stories to see how these women built today and are creating tomorrow. (📸: @hannah_khymych) #wwdbeauty
For @laperlalingerie's spring 2018 show, the brand chose to host their event at @thevenetianmacao. With Chinese megastars @bingbing_fan and @hubing in attendance, La Perla debuted a rock ‘n’ roll-inspired collection. The show marked the start of Sands Macao Fashion Week, which runs from October 19 to 24 — the city’s first such event. Pictured here are models backstage with glimmering eyes. #wwdfashion (📷: Cheuk-Yin To)
Trending for spring 2018: top stitch design. Gone are the days of stitch just for seams — designers are using the once-minimal detail to create strong decorative elements. (📷: Paola Testa; Styled by @andrew_shang) #wwdfashion
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)