Composite Fabric,bonded fabric,Lamination Fabric Lamination Fabric News German clothing products will increase in price as euro depreciates

German clothing products will increase in price as euro depreciates



According to a report on the website of Germany’s “Süddeutsche Zeitung” on March 30, affected by the depreciation of the euro, German clothing and footwear products will soon increase in price…

According to a report on the website of Germany’s “Süddeutsche Zeitung” on March 30, affected by the depreciation of the euro, German clothing and footwear products will soon increase in price, because most products are manufactured in Asia and settled in US dollars. Le Monde had previously reported that the price increase would reach 10%. Augustine, spokesman for the German Textile Retail Industry Association, said that the price increase will not be later than next spring, and the first wave of impact of the depreciation of the euro will be apparent in the second half of this year. Rush, director-general of the German Fashion Industry Association, said that in addition to the weakness of the euro, rising labor prices and environmental protection requirements in China are also the main reasons for the increase in costs. He predicted that the price increase of best-selling products will be even greater. Nagel, director-general of the German Foreign Trade Retailers Association, said that the price increase will not only include clothing and footwear, but also many imported daily necessities.

This article is from the Internet, does not represent Composite Fabric,bonded Fabric,Lamination Fabric position, reproduced please specify the source.https://www.yjtextile.com/archives/12346

Author: clsrich

 
Back to top
Home
Phone
Application
Product
Search