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Smart Textiles Industry Size To Reach $29.1 Billion By 2033, Rising At 22.03% CAGR – Growth Forecasts By Type, Functionality, End Use, And Country With Company Analysis (2025-2033)

… monitoring are important factors. With textiles containing sensors and conductive fibers … technological breakthroughs, the German smart textile market is expanding significantly. The … , such as performance-enhancing textiles and clothing that monitors health …Read More

03.01.2025Comments Off,
UK’s manufacturing shows no sign of improvement, hits 11-month low

The UK Manufacturing PMI dropped to 47.0 in December, an 11-month low, indicating a deepening sector downturn.
Output, new orders, and employment fell sharply due to destocking, cost pressures, and restructuring ahead of legislative changes.
Export sales saw the steepest drop in 10 months, while business confidence hit a two-year low amidst inflation and economic concerns.Read More

03.01.2025Comments Off,
ASEAN manufacturing reflects growth in 2024, PMI steady at 50.7 in Dec

The S&P Global ASEAN manufacturing PMI reached 50.7 in December, slightly down from 50.8 in November, reflecting modest sector growth.
Output and new orders rose, with domestic demand driving gains, while new export orders contracted for the 31st month.
Price pressures eased, but staffing levels fell.
Optimism for 2025 remained, though confidence hit an eight-month low.Read More

03.01.2025Comments Off,
Speculative buying & crude oil surge propel ICE cotton prices

ICE cotton prices saw an uplift on the first trading day of 2025, buoyed by rising crude oil prices and speculative buying.
The March 2025 contract rose modestly, reflecting optimism about China’s economic recovery.
Trading volume hit a six-session high, with prices also supported by higher crude oil costs, which make alternative fibres like polyester more expensive.Read More

03.01.2025Comments Off,
BPCL to invest $7 bn in Andhra refinery & petrochemical complex

BPCL has started pre-project activities for a ₹6,100 crore (~$7.115 billion) refinery and petrochemical complex in Andhra Pradesh.
It involves conducting feasibility studies, land acquisition and securing environmental clearances.
It will significantly enhance BPCL’s refining and petrochemical production capabilities, addressing the rising domestic demand for refined products and petrochemicals.Read More

03.01.2025Comments Off,
Bangladesh to raise VAT on branded clothing

Bangladesh’s decision to hike valued-added tax on 43 goods and services will mostly target high-income people and will not lead to rise in prices of essential commodities, the country’s finance adviser Salehuddin Ahmed recently assured.
The products include posh garment outlets, mattresses and tissue papers.
The decision was taken to bolster state revenues and not to meet IMF demands, he said.Read More

03.01.2025Comments Off,