ITALIAN PROUD: According to data provided by Confindustria Moda, the Italian association covering around 67,000 firms in fashion, textiles and accessories, exports of the sector increased 5.6 percent to 16.6 billion euros in the first three months of 2019, compared with the same period last year.
“Together we do it better. These results clearly demonstrate this. In the past few years we worked all together to create a strong system able to support different companies facing similar problems,” said Confindustria Moda president Claudio Marenzi during a plenary assembly in Milan on Wednesday. “We are the only fully integrated supply chain and we were able to combine artisanal heritage and craftsmanship with a successful industrial structure which represents our country in the world. Now we have to face a lot of challenges, including education, protection of the Made in Italy, simplification of fiscal procedures, reduction of work cost, liberalization of foreign exchange and sustainability. We will be able to succeed only if we face them together.”
During the assembly, Marenzi also said that in 2018, the Italian textile, fashion and accessories segment grew 0.7 percent to 95.5 billion euros, compared with the previous year. The exports increased 2.7 percent to 63.4 billion euros. The textile and fashion segment accounted for 49.6 percent of the total exports, while footwear and leather goods accounted for 15.1 and 12.9 percent, respectively. In addition, jewelry and eyewear corresponded to 10.2 and 6 percent of the total exports — 53.2 percent of them directed to non-European countries.