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Argentine textile and apparel industry faces a worsening crisis
According to the industrial profile of CIAI in Oct 2019, the purchasing power of the people of Argentina declined significantly, which led to the decreases of 17.6% in the retail sales of ready-made suit in Aug 2019 according to the report of Confederacion Argentina de la Mediana Empresa,CAME. 

Although apparel manufacturers have tried not to increase apparel prices with inflation, sales are still falling. The National Bureau of statistics of Argentina (INDEC)) pointed out that in Jul 2019, apparel sales in shopping centers and supermarkets fell by 6.4% and 12.1% respectively compared with that in same period of last year. 

CIAI said that the industry has been severely affected by the decline of consumption purchasing power and the high cost of Taxation and finance. According to the index report, apparel industry production in Aug declined by 12.8% compared with that in same period of 2018, and has been in recession for 15 consecutive months. 

In addition, apparel import was affected by domestic apparel sales decrease and USD appreciation. According to the customs statistics of Argentina, apparel import fell by 35.8% in Aug (the number fell by 31.8% and the price fell by 5.9%). 
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