BANGLADESH KNITWEAR SECTOR REMAINS STRONG DESPITE GLOBAL RECESSION’S CONTINUED PRESSURE
April 1st, 2009
BY MARK GODFREY
WITH the global recession raging across most of the world, Bangladesh's knitwear sector is maintaining a strong commercial position and looks better geared to survive the economic downturn than some of its regional competitors. Orders have only dipped marginally say local knitwear producers. And while many are facing strong downward pressure on prices from buyers, the country's lower labour costs have attracted customers migrating from higher-cost China.
Monthly export volume growth slowed from 45% in June to August 2008 to 7% a month since ...
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