MILAN — Yarn manufacturers exhibiting their winter collections at two-day yarn fair Filo that ended here March 21, were cautious about 2013.
Italy’s uncertain economic and political situation combined with the worrying price increase in raw materials contributed to raise doubts on the recovery after a negative 2012. According to Italian fashion and textile consortium Sistema Moda Italia SMI, in 2012 the Italian yarn business was 7 percent down to 3 billion euros, or $3.9 billion at average exchange rates, compared with 2011.
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