Fashion industry sees recovery in 2014
(ANSA) – Milan, December 12 – Italy’s fashion and textile firms expect a 2.1% gain in turnover in the first six months of next year, the Italy Fashion System (SMI) organisation said Thursday.
Turnover fell 1.9% to 50.1 million euros in 2013, SMI said.
The expected pick-up will not mean more jobs, SMI said.
Employment will fall by 1.6% in the first half of 2014 after a 2.2% drop this year that brought employee numbers down to 414,000.
Some 500 firms closed down in 2013, a 1% fall that left 49,539 companies in business.