US garment spending dips, imports rise amid tariff uncertainty
US garment spending fell 0.7 per cent in April despite a 4.6 per cent annual rise, while cotton-dominant apparel imports rose 13.4 per cent year-over-year. Garment CPI declined slightly, and import costs remained stable. Tariff uncertainty looms as courts challenge the President’s authority under IEEPA. Job growth slowed to 139,000 in May, with unemployment steady at 4.2 per cent.
US garment spending fell 0.7 per cent in April despite a 4.6 per cent annual rise, while cotton-dominant apparel imports rose 13.4 per cent year-over-year.
Garment CPI declined slightly, and import costs remained stable.
Tariff uncertainty looms as courts challenge the President’s authority under IEEPA.
Job growth slowed to 139,000 in May, with unemployment steady at 4.2 per cent.
