By  on January 29, 2019

MILAN — Confindustria Moda, the Italian federation made up of around 67,000 companies in fashion, textiles and accessories, on Tuesday released preliminary figures that showed the sector’s revenues rising 0.9 percent in 2018.

According to research presented by Confindustria Moda president Claudio Marenzi, the industry closed last year with revenues of 95.7 billion euros. Although the growth rate was halved compared to the previous two-year period, exports of Italian fashion, textiles and accessories — including leather goods, eyewear, fur and jewelry — increased 2.6 percent in 2018 to reach a total of 63.4 billion euros. In particular, 52.8 percent of Italian companies’ exports were directed to non-European countries. While exports to the U.K. grew 6.5 percent in 2018, those to Switzerland registered a 14.2 percent increase. South Korea and China recorded the highest growth rates last year, with exports up 11.3 percent and 13.6 percent, respectively.

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