AGP Executive Report
Last update: 10 hours agoManufacturing Pressure: Nigeria’s textile, apparel and footwear sector slipped into contraction in October, with its performance index falling to 99.7 from 127.5 in September. Power outages, high costs and raw-material shortages are weighing on manufacturers. Cotton Supply: Pakistan’s cotton crop rose 6.88% year on year to 4.743 million bales, but still falls short of textile mills’ needs, keeping import demand in focus. Export Concerns: Pakistan’s merchandise exports to Europe dropped 1.84% year on year in July–September, with declines in major markets including Germany and Italy; industry leaders are urging action to protect EU access. Policy and Investment: Bangladesh plans to reduce textile-sector income tax to 15% through 2030, while a proposed Rs 150-crore textile unit in Varanasi is expected to create 1,000 jobs.
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