Import Prices Started Declining on US Apparel Market

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3 December 2008 - Apparel import prices may rapidly decline on the US market, as a result of the current drop in retail sales. Latest official data are giving first signs of deflation, especially for woven apparel or T-shirts, according to our series of statistical tables. The continuous rise in the dollar, the dramatic fall in raw material costs and the removal of US quotas on imports from China should offer new opportunities for lowering prices in 2009.

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