Fashion
India’s IIP sees 0.4% YoY growth in Oct 2025: Quick official estimates
The slow growth in October could be attributed to less number of working days because of a number of festivals.
The growth rate of India’s index of industrial production (IIP) for October was 0.4 per cent YoY, quick official estimates show; it was 4 per cent in September.
The IIP stood at 150.9 against 150.3 in October 2024.
The YoY growth rate for the manufacturing IIP (151.1) in the month was 1.8 per cent.
Within manufacturing, nine out of 23 industry groups recorded a positive YoY growth in October 2025.
The YoY growth rate of the manufacturing IIP in October was 1.8 per cent. The IIP for manufacturing was 151.1 in the month, a release from the ministry said.
Within the manufacturing sector, nine out of 23 industry groups recorded a positive YoY growth in October 2025.
The indices stood at 148.9 for primary goods (growth rate minus 0.6 per cent), 111.8 for capital goods (growth rate 2.4 per cent), 166.5 for intermediate goods (growth rate 0.9 per cent) and 197.2 for infrastructure/construction goods (growth rate 7.1 per cent) for October.
The indices for consumer durables (growth rate minus 0.5 per cent) and consumer non-durables (growth rate minus 4.4 per cent) stood at 129.2 and 139.9 respectively.
Fibre2Fashion News Desk (DS)
A coalition of the American Apparel & Footwear Association (AAFA) and other leading textile, apparel, footwear and retail associations has urged the US House of Representatives to pass legislation reauthorising key trade preference programmes for sub-Saharan Africa and Haiti.
A coalition of AAFA and other textile, apparel, footwear and retail groups has urged the US House to pass legislation reauthorising AGOA and Haiti HOPE/HELP.
The bills would retroactively extend the trade programmes for three years, backing US cotton and textile exports, helping diversify sourcing beyond China, and supporting about 3.6 million US workers.
In a joint letter, addressed to House Speaker Mike Johnson and Minority Leader Hakeem Jeffries, the groups called for passage of the AGOA Extension Act (HR 6500) and the Haiti Economic Lift Program Extension Act (HR 6504) on suspension.
The letter noted that the House Ways and Means Committee approved both bills last month with overwhelming bipartisan support. The proposed measures would retroactively renew the African Growth and Opportunity Act (AGOA) and the Haiti HOPE/HELP programmes for three years, providing certainty for US companies and stability for workers in sub-Saharan Africa and Haiti.
Industry groups said the programmes support American cotton and textile exports, help diversify sourcing beyond China, and directly support about 3.6 million US workers.
Signatories included the AAFA, the Footwear Distributors & Retailers of America, National Retail Federation, Outdoor Industry Association, Retail Industry Leaders Association, and the US Fashion Industry Association.
Fibre2Fashion News Desk (HU)
Published
January 16, 2026
The house of Ralph Lauren very rarely stages menswear runway shows in Milan, which is a pity as its catwalk display this Friday was the coolest and cleverest display of menswear classicism we’ve seen in many moons.
The smoothest of shows too. Presented with polish inside Ralph Lauren’s European headquarters, a geometric Rationalist era jewel of a building. Guests- from Tom Hiddleston and Colman Domingo to Nick Jonas- imbibing biscuity champagne as they took their places on leather bench seats.
Opening with a score of looks from Polo, a rich selection of kicky, preppy ideas: red flannel shirts with turkey prints; Navajo graphic wool sweaters; snow crystal pattern cardigans; and even a brown three-piece Prince of Wales suit. All anchored by Alpine hiking boots or hyped-up L.L. Bean style waders; or accessorised by Black Watch tartan carpet bags.
Plenty of Western looks, from urban cowboy brown suede fringed jackets, worn by a model with an acoustic guitar on his back, to lace ties, rancher hats, and riding boots. Very Yellowstone in Lombardy.
Backed up by a great soundtrack- where Nina Simone’s Sinnerman followed Texas Sun by Khruangbin and Leon Bridges. Ideal for some bold and colourful motor-bike jackets that read: Ralph Lauren Racing.
As day shifted to evening, Scottish baronial chic made an appearance: from Clan Stewart red plaid tuxedos worn under a Count Dracula cape to a great black Grenadier guards military tunic worn with a black silk stock– un petit merci to Dior. Albeit seen on models sporting New York Yankees baseball caps.
“We had so many looks and ideas in this collection that it just seemed right to stage a show this week in Milan,” explained Andrew Lauren, sitting among the movie stars in the villa’s covered courtyard.
All worn by a highly diverse cast, from all the world’s continents. And, one could not help noticing that when he came to the two chalk stripe impeccable bankers, these were worn by a South and an East Asian.
Though there was clearly no deliberate political message, the very heterogeneousness of the cast was a reminder of how Ralph has always celebrated the diversity of America. Which, at a moment when ICE are clearly racially profiling citizens in the United States, made this show feel very powerful.
This is the melting pot America that Europeans love. Not the white supremacism currently being rammed down people’s throats.
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They predict that the labour market will keep weakening, but also anticipate a boost to the economy from a significant cooling of inflation and further rate cuts from the Bank of England (BoE).
Goldman Sachs Research expects ‘another mixed year’ for the UK economy, which is expected to grow at 1.4 per cent in 2026—up from around 1 per cent in 2025.
It expects the unemployment rate to rise to 5.3 per cent by March, and then stabilising.
Consumption is expected to grow at 1.3 per cent in 2026 versus 0.7 per cent in 2025.
The fiscal position looks less vulnerable than some other European nations.
The UK labour market weakened significantly in 2025 as slow economic growth and the increase in national insurance contributions weighed on employment. A recent rise in layoffs points to ‘further labour market softening ahead’, according to Moberly and Stehn.
Goldman Sachs Research expects the unemployment rate to rise to 5.3 per cent by March. But as growth picks up towards potential, it sees the unemployment rate stabilising for the remainder of this year, the report says.
Given rising slack in the job market, lower headline inflation, and a smaller increase in the national living wage, the company’s economists expect wage growth to normalise this year. Private sector regular pay growth slowed to 3.8 per cent from around 6 per cent over the last 12 months, and the team forecasts further cooling to 3.1 per cent by the end of 2026.
Consumer spending in the UK is low, and the household savings rate is elevated. “Real disposable income growth is likely to remain weak in coming quarters given wage growth moderation, elevated mortgage rates, and a larger fiscal drag on household incomes,” Moberly and Stehn write.
The team’s models suggest that the savings rate will likely decline this year as interest rates fall and consumption catches up with recent increases in real inflation-adjusted incomes.
Consumption is expected to grow at 1.3 per cent in 2026 versus 0.7 per cent last year.
The team anticipates further progress on inflation in the coming months given unwinding base effects. Goldman Sachs Research projects headline inflation to decelerate to 2.1 per cent in the second quarter this year.
The fiscal trajectory, political risk, and efforts to boost economic growth are likely to be key areas of focus this year, according to the company.
“Our analysis suggests that the UK’s fiscal position looks less vulnerable than some other European countries, notably France,” Moberly and Stehn add.
Fibre2Fashion News Desk (DS)
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