The global economic recovery has held up better than expected

In the first half of this year, the global economic recovery momentum was better than expected, the consumption of developed economies in the United States and Europe has been resilient, and the trade blocking effect of the Red Sea crisis has diminished, leading to the accelerated repair of global industrial chain and supply chain, and trade activities have picked up slightly. The manufacturing industry of the world's major emerging textile and garment suppliers has maintained a good growth momentum, and the overall textile and garment trade has remained stable. Specifically, Vietnam, Bangladesh, India and other Southeast Asian, South Asian countries textile and apparel trade improvement trend is more obvious, Turkey by the European market consumption reduction, domestic inflation pressure is difficult to ease and logistics, high energy costs and other factors, textile and apparel trade scale showed a slight decline.

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