U.S. apparel import growth slowed in January, according to data just released by OTEXA, the International Trade Administration’s Office of Textiles and Apparel.
Total apparel imports increased by 1.6% in dollar terms compared to January 2015, to $6.6 billion, trailing December’s increase rate of 4.1%.
On a square meter equivalent (SME) basis, imports rose by 6.5%, indicating a shift toward cheaper goods compared to last year. The cost per SME of apparel imports in January fell by 4.6%.
Read more at Sourcing Journal.