Fashion
US real GDP up 3.3% YoY in Q2 2025: BEA 2nd estimate
In Q1, it decreased by 0.5 per cent year on year (YoY).
The Q2 2025 rise primarily reflected a decrease in imports, which are a subtraction in the calculation of GDP, and an increase in consumer spending. These movements were partly offset by decreases in investment and exports.
US real GDP rose at an annual rate of 3.3 per cent in Q2 2025, according to the second estimate by the Bureau of Economic Analysis.
In Q1, it fell by 0.5 per cent YoY.
The price index for gross domestic purchases increased by 1.8 per cent YoY in Q2 2025, revised down by 0.1 pp from the previous estimate.
Real gross domestic income rose by 4.8 per cent YoY in Q2 compared with a rise of 0.2 per cent in Q1.
Real GDP was revised up 0.3 percentage point (pp) from the advance estimate, primarily reflecting upward revisions to investment and consumer spending that were partly offset by a downward revision to government spending and an upward revision to imports.
Compared to Q1, the upturn in real GDP in Q2 primarily reflected a downturn in imports and an acceleration in consumer spending that were partly offset by a downturn in investment.
Real final sales to private domestic purchasers, the sum of consumer spending and gross private fixed investment increased by 1.9 per cent in Q2 2025, revised up by 0.7 pp from the previous estimate, a BEA release said.
The price index for gross domestic purchases increased by 1.8 per cent YoY in Q2 2025, revised down by 0.1 pp from the previous estimate.
The personal consumption expenditures (PCE) price index increased by 2 per cent YoY, revised down by 0.1 pp from the previous estimate. Excluding food and energy prices, the PCE price index increased by 2.5 per cent, the same as previously estimated.
Real gross domestic income (GDI) increased by 4.8 per cent YoY in Q2 2025 compared with an increase of 0.2 per cent in Q1. The average of real GDP and real GDI increased by 4 per cent in contrast to a decrease of 0.1 per cent in Q1.
Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) increased by $65.5 billion in Q2 in contrast to a decrease of $90.6 billion in Q1 2025.
Fibre2Fashion News Desk (DS)
Published
October 18, 2025
Recognised as a protected geographical indication in France, Dentelle de Calais-Caudry says it has begun the process of becoming a European geographical indication to better protect its identity against low-grade counterfeits.
From December 1, the European Union will introduce a simplified procedure under Regulation 2024/1143, which now governs geographical indications and protected designations of origin across its Member States.
Crucially, Europe is now extending a protection regime to artisanal, manufactured, and industrial products, which was previously reserved for agricultural produce, foodstuffs, and spirits.
“The Dentelliers de Calais-Caudry have already applied to the INPI, which is responsible for forwarding their application to the EUIPO (European Union Intellectual Property Office), so that their geographical indication can be recognised throughout the European Union”, say the Calais and Caudry lacemakers.
Dentelle de Calais-Caudry became a regulated geographical indication in France at the beginning of 2024. It took the local industry’s representatives five years to achieve this goal, which aims to distinguish and protect know-how that is more than two centuries old, and relies on the use of imposing, complex Leavers looms, which lend their name to the lace they produce. In 1958, the “Dentelle de Calais” label was launched, and in 2015 it became “Dentelle de Calais-Caudry”, to include manufacturers from the Caudry area.
“Regularly confronted with very poor-quality counterfeits that damage their image and sales, the lacemakers of Calais-Caudry will, by obtaining this European geographical indication, benefit from legal protection across the 27 countries of the Union”, says the label, which hopes that “this guarantee of authenticity and quality, which will reassure all designers, stylists and lovers of Calais-Caudry lace, will help safeguard this know-how, these ‘passion’ trades, and accelerate international development.”
Today, Calais-Caudry lace is produced in Calais by Codentel, Cosetex, Noyon (Darquer), and Sophie Hallette / Riechers Marescot, which also operates in Caudry. The town is also home to Beauvillain Davoine, Darquer & Méry, Dentelles André Laude, Dentelles MC, Jean Bracq, and Solstiss.
This article is an automatic translation.
Click here to read the original article.
Copyright © 2025 FashionNetwork.com All rights reserved.
The new directive aims to cut waste, reduce environmental damage, and strengthen the EU’s economic resilience by driving sustainable innovation and decreasing reliance on raw materials. It aligns with the EU’s Competitiveness Compass and Strategic Agenda for 2024–29, European Commission said in a press release.
The European Union’s revised Waste Framework Directive came into effect yesterday, establishing unified rules for EPR in textiles and setting binding targets to reduce food waste.
Aimed at cutting waste and boosting circularity, it requires Member States to set up EPR schemes, reduce food waste by up to 30 per cent by 2030, and promote eco-modulated fees, and sustainable design.
The EU’s textile and clothing industry remains an economic powerhouse, generating €170 billion (~$198.9 billion) in 2023 and employing 1.3 million people across nearly 197,000 companies. Yet, it is also one of the most resource-intensive sectors, ranking third in water and land use impact and fifth in raw material use and greenhouse gas emissions. In 2019 alone, the EU generated 12.6 million tonnes of textile waste, with only one-fifth separately collected for reuse or recycling.
To address these challenges, the revised directive introduces two major sets of measures to promote circularity and competitiveness:
- Under mandatory EPR schemes, each Member State must establish a system requiring producers of textiles and footwear to pay fees for every product placed on the market. These funds will finance collection, reuse, recycling, and disposal operations. The fees will also support consumer awareness campaigns and R&D in sustainable design and waste prevention. EPR fees will vary according to sustainability criteria under the Eco-design for Sustainable Products Regulation (ESPR)—a principle known as eco-modulation. Producers will pay less for durable, recyclable, and eco-friendly products, incentivising circular design.
- The directive also sets new rules for managing used textiles, ensuring that all separately collected textiles are classified as waste to prevent false reuse labelling and illegal exports. Unsorted textile waste will fall under the Waste Shipment Regulation.
Member States have 20 months to transpose the directive into national law and 30 months to set up their textile and footwear EPR schemes. Competent authorities must be designated by January 17, 2026, and updated food waste prevention plans finalised by October 17, 2027.
Fibre2Fashion News Desk (SG)
Dhanteras turns record-breaking! Cars, electronics and jewellery see unprecedented demand; GST cuts, festive spirit fuel purchases – The Times of India
Lakers start Vincent for LeBron in opener preview
The New Power of Far-Right Influencers
-
Sports1 week agoKamala Harris hosts WNBA player to discuss alleged conversation with league commissioner
-
Tech1 week agoMen Are Betting on WNBA Players’ Menstrual Cycles
-
Business1 week agoConsumer caution ahead of Budget drives drop in footfall – BRC
-
Business1 week ago‘Need very badly’: Donald Trump announces Arctic cutters deal with Finland; US to buy 11 Icebreakers – The Times of India
-
Tech1 week agoSize doesn’t matter: Just a small number of malicious files can corrupt LLMs of any size
-
Entertainment1 week agoPrince Albert of Monaco leads the Monaco Explorations in the Aegean Sea
-
Business1 week agoDelta says premium travel is set to overtake coach cabin sales next year
-
Fashion1 week agoAlice + Olivia reopens Madison Avenue flagship