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The minimum wages in Indonesia, Philippines and Thailand have increased by 2%, 20% and 5 % respectively in year 2023 as compared to year 2022.
From January to October 2023, the prices of Heavy Native Cow Leather increased by 15.91%, while Branded Cow Leather saw a more substantial hike of 17.73% over the same period. In general, Heavy Native Cow Leather consistently maintained a price level approximately 50% higher than Branded Cow Leather.
During the monitored timeframe, the price spread between Cotton Fiber and Cotton Yarn in Pakistan displayed significant fluctuations, spanning a range from 70.38% to 129.95%. In the first half of 2021, Cotton Yarn was notably 129.95% pricier than Cotton Fiber. This pricing gap then experienced variations in subsequent periods. Notably, in the second half of 2023, there was a substantial upsurge in Cotton Yarn prices, leading to a spread of 104.99%
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Retail Sales Index (RSI) is?the short-term indicator of changes in the level of consumer spending on retail goods.?In Thailand RSI has increased by just 1% while in Turkey it has increased by 28% in Q2 2023 as compared to Q2 2022.
Germany's fabric export values exhibit some variation over the seven-month period in 2023, with upward and downward fluctuations. However, the 12-month moving average smoothens these fluctuations and provides a longer-term perspective on the export trend. From February 2023, the moving average has seen a slight dip - overall suggesting a slowdown in export values when comparing the recent data with the values from the previous year.