MILAN — Last year was one of growth for the Italian fashion industry.
According to the latest Fashion Economic Trends released Thursday by the Camera della Moda, estimated revenues of the industry, comprising all categories from textiles and leather goods to apparel, footwear, jewelry, eyewear and cosmetics, increased 2.8 percent to 87 billion euros in 2017. Exports grew 6 percent to 65.7 billion euros. Sales of the fashion compartment alone, including textiles, leather goods, apparel and shoes, gained 2.5 percent to 64.8 billion euros and exports grew 4.3 percent to 50 billion euros.
Carlo Capasa, president of the fashion association, said that after a “brilliant” first half, the third quarter showed a slight slowdown, which was expected and which was balanced by “very good results” in October, which were better than expected.
In the second half, business in Italy was still slow. In October, exports jumped up 11 percent.
In the first nine months of 2017, exports to countries outside Europe climbed 5.8 percent, while sales in Europe gained 2 percent. Business in Asia was solid, with sales rising 13.5 percent in China and 12.8 percent in South Korea, while Japan was down 0.3 percent. Russia’s contribution was strong, showing a 12.8 percent increase, while sales in the U.S. were down 1.3 percent. In the first nine months, leather goods, accessories and shoes performed better than textiles and fashion.