By  on November 14, 2019

MILAN — Internationalization continues to be key for the Italian fashion and textile sector, which is facing a significant slowdown in its domestic market.

As highlighted by Pitti Immagine president Claudio Marenzi during the seasonal press conference to introduce the schedule of the upcoming edition of Pitti Uomo, running Jan. 7 to 10, in the third quarter of 2019 the domestic business of Italian textile and fashion companies fell 8.4 percent compared to the same period last year, while the industry’s exports increased 2.2 percent. The growth in international markets was driven by increased sales of finished products, which rose 6.3 percent, while the textile sector registered a 4.7 percent decline, according to data provided by Sistema Moda Italia.

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