Home Street Fashion Italian footwear industry faces significant slowdown in Q1 2024

Italian footwear industry faces significant slowdown in Q1 2024

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The Italian footwear industry saw a sharp slowdown in Q1 2024, with exports dropping 9.7 per cent in value and 10.3 per cent in volume, and turnover falling 10.1 per cent, according to a report.
Domestic purchases also decreased.
EU markets performed better than non-EU markets.
Active footwear companies in Italy fell to 3,490 by March 2024.The Italian footwear industry saw a sharp slowdown in Q1 2024, with exports dropping 9.7 per cent in value and 10.3 per cent in volume, and turnover falling 10.1 per cent, according to a report.
Domestic purchases also decreased.
EU markets performed better than non-EU markets.
Active footwear companies in Italy fell to 3,490 by March 2024.