Bad year for the footwear industry: production -10%, consumption -15%

Footwear production reached 69 million pairs between January and October 2019, a 10.3% drop compared to the same period of 2018, according to a report by the consulting firm Investigaciones Económicas Sectoriales (IES). In that period, consumption registered a total of 89 million pairs, with a decrease in comparison of 15%. Exports decreased 11.1% by registering $ 8 million while imports decreased 32.8% ($353 m vs. $525 m).

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Source: Ámbito

Categories: Industry