Wednesday, March 11, 2020

Shoe manufacturers increase production by 1% in January

Footwear increased production by 1% in January, according to the Brazilian Association of Footwear Industries (Abicalçados). Still without feeling the effects of coronavirus, the sector grew in relation to December, when there was a 7.8% decrease. In 2019, the cumulative increase was 1.3% compared to the previous year. Flu. The entity had already revised down its growth forecast in 2020 due to the epidemic. The sector's estimate, which was 2.5% growth in January, rose to 2.2% last month. According to Abicalçados, in January 12.55 million pairs were exported, for which US$ 91.5 million were paid, a 16.1% drop in volume and 7.3% in revenue compared to the same month of 2019.
O Estado de S. Paulo - 11/03/2020 News Item translated automatically
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