Fashion news

Bangladesh plans to unlock the economic potential of its creative industries by bringing the sector into mainstream, raising its contribution to 1.5 per cent of GDP and creating 500,000 jobs.It plans to set up creative hubs for showcasing and marketing region-specific products.The government will support domestic content creators and companies in accessing international markets.

UK administrative tax data shows output per hour grew 1.1 per cent a year over the two years to Q2 2026, contrasting with a Labour Force Survey fall.
The pickup was broad, with 12 of 19 main sectors contributing, signalling economy-wide efficiency gains.
For retail and apparel supply chains, the report points to stronger output from similar workers and sectors rather than job shedding.

Germany’s general government deficit reached €71.3 billion (~$82.9 billion) in H1 2026, with the deficit ratio at 3.1 per cent of GDP.
Central government accounted for most of the rise as spending outpaced higher tax and social contribution receipts.
For apparel and textile supply chains, Germany’s fiscal pressure adds to demand and cost planning priorities.

China's domestic polyester filament yarn market ended the week higher across fine, mid and coarse denier bands, despite soft downstream demand.
TexPro prints show FDY 150D/96F up 4.02 per cent, FDY 75D/36F up 3.31 per cent and FDY 100D/72F up 1.69 per cent.
Higher crude prices, tight PTA availability and a firmer yuan drove the cost-push move.

Aramco signed agreements and a memorandum of understanding with French firms carrying a potential combined value of over $3.7 billion.
They target supply chain resilience, operational continuity, capacity building, technology transfer and innovation.
They cover drilling equipment, Oil Country Tubular Goods and potential Aramco Digital work on industrial AI and virtual/digital twins.

South India cotton yarn was mixed; Mumbai prices rose ₹2-5 per kg for selected counts as shortages and higher cotton costs kept mills firm.
Tiruppur prices stayed stable amid subdued downstream demand, despite cost pressure on spinning mills from rising cotton.
Gujarat cotton was steady; arrivals fell to 12,000 bales, while Shankar-6 traded at ₹69,500-70,000 per candy.

KBR has secured a contract from KMG-Aero and KazFoodProducts for Kazakhstan’s first sustainable aviation fuel plant.
The deal covers licensing of PureSAF technology and proprietary engineering design using an alcohol-to-jet route.
The project is intended to use domestic agricultural feedstocks in low-carbon fuel value chains, aligned with Kazakhstan’s aviation hub ambitions.

Asian polyester filament yarn rose in the week to August 22, with Pakistan up 6.93 per cent, China DTY 150D/48F up 3.41 per cent and India up 2.16 per cent.
Crude, PTA and MEG costs, Hormuz risk and firm freight drove gains despite soft loom use and rising inventories.
Mills and exporters face margin and Q4 FOB pressure; prices may move sideways to firm unless risk eases or PTA supply recovers.

Acrylic staple fibre ended firmer, with both tracked ASF grades up 0.30 per cent between August 14 and 21 on higher input costs.
Caprolactam rose in most regions, while propylene gains in Europe, China and Korea reflected crude-led pressure from the US–Iran conflict.
Winter demand is adding support, but spinning-mill buying remains steady and need-based, keeping ASF in a gradual upward bias.

FedEx says it plans a $150 million integrated air cargo hub over 230,000 square feet at GMR Cargo City, Delhi airport.The company said the hub is designed to lift package processing from 600 to 5,000 packages per hour.Apparel and textile shippers in North and East India could gain stronger global links; construction is expected to start shortly.