SRI LANKA STRUGGLING TO BOOST SALES IN SOFT GLOBAL CLOTHING EXPORT MARKETS
September 21st, 2023
Sri Lanka’s inflation may be slowing compared to last year (4% in August, down from 64.3% year-on-year), (1) but the country’s clothing sector is still being hit by a lack of orders, the country’s industry body the Joint Apparel Association Forum (JAAF) has told Just Style.
Monthly export earnings from January to July (2023) fell steadily compared to the same period last year. In July, garment exports were 23% down year-on-year at USD400 million, compared to USD 520 million in July 2022, said JAAF secretary general Yohan Lawrence said quoting JAAF data. In ...
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