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US clothing slump hits shipments
By Jonathan Birchall in New York
Published: December 9 2008 19:12 | Last updated: December 9 2008 19:12
The slump in US clothing sales since the summer has led to a precipitous drop in the number of overseas factories shipping to the US, import documents show.
Panjiva, a firm that analyses information drawn from shipping manifests filed with US Customs, said the number of global suppliers actively serving the US market fell from 22,099 in July to just 6,262 in October, a decline of more than 70 per cent.
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