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Asia Sourcing Update (August 2017)

HIGHLIGHTS

Bangladesh

  • Export growth hits 15-year low in the 2016-17 fiscal year
  • Government to relax FDI restrictions in RMG sector
  • Parliament passes government budget for the 2017-18 fiscal year

India

  • Manufacturing sector records the first contraction in 2017 after GST implementation
  • Textile and garment subsidies to be phased out gradually from 2018
  • Tanneries in Kanpur face closure risk over environmental concerns

Pakistan

  • Exports drop 1.6% yoy in 2016-17 financial year
  • FDI rises moderately in 2016-17 financial year
  • Liquidity crunch hurts textile and apparel sector

Turkey

  • Manufacturing PMI in July reaches the second highest level since November 2013
  • FDI inflows take a dive in 2016
  • Apparel sector could miss export target as relations with Germany slump to historic low

 

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Content provided by Fung Business Intelligence
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