MILAN — Europe’s economic uncertainty didn’t stop the creativity of the high-end Italian textile firms that presented innovative products at the 16th edition of Milano Unica, the three-day textile trade show that closed here on Friday.
In 2012, the Italian textile industry posted a 5.1 percent drop in revenues to 8 billion euros, or $10.4 billion at average exchange rates, compared with 2011. According to data provided by Italian fashion and textile consortium SMI Sistema Moda Italia, textile products dropped 3 percent in 2012, even with positive results in Japan, Russia, the U.S. and China.
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