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Tariff shock looms over apparel market as US consumer sentiment sinks
Apparel prices remained stable in February, with CPI up +0.8 per cent year-over-year, while import prices held at +7 per cent above 2019 levels. Import volumes surged in recent months but slowed in February due to a high base. Consumer confidence hit a three-year low, and garment spending dipped. New US tariffs raised market fears, despite strong March job gains and stable but softening wage growth.
Apparel prices remained stable in February, with CPI up +0.8 per cent year-over-year, while import prices held at +7 per cent above 2019 levels.
Import volumes surged in recent months but slowed in February due to a high base.
Consumer confidence hit a three-year low, and garment spending dipped.
New US tariffs raised market fears, despite strong March job gains and stable but softening wage growth.
