Italy’s fashion sector turnover is seen falling again this year as the economic crisis saps demand for designer clothes and accessories.
Italy’s National Chamber of Fashion forecast turnover was seen down 6.5 percent to 62.176 billion euros ($86.31 billion) in 2009, but could fall more.
“This seems optimistic,” the chamber’s chairman, Mario Boselli, told a news conference ahead of Milan’s menswear fashion week, which runs June 20-23.
The chamber said 2009 had started “in the worst way” and a 3 percent fall in fashion turnover was expected for the second half of the year.
Last year, turnover for Italy’s fashion industry, known for names such as Giorgio Armani and Prada, fell 4 percent to 66.498 billion euros.
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