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» අනං මනං! #/+?.<>
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyToday at 6:10 pm by ruwan326

» Easter Sunday Attack and Sri Lanka
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyToday at 3:40 pm by ruwan326

» My Port Folio Bleeding But Its just the Begining Of..
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyYesterday at 7:40 pm by serene

» Thread for News on CSE and SL Economy
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyYesterday at 1:49 pm by ruwan326

» සදහම් අටුවාව
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyYesterday at 6:52 am by ruwan326

» HNB.N0000 ( Hatton National Bank PLC)
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyFri May 17, 2019 9:54 pm by dhanurrox

» Re: Financial reports Q1-2019
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyFri May 17, 2019 7:53 pm by dhanurrox

» Sri Lanka mulls 25-pct ownership limit in finance companies
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyFri May 17, 2019 3:40 pm by Backstage

» Searing Heat in China Is Causing Havoc for Rubber Makers
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyFri May 17, 2019 2:43 pm by Backstage

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyThu May 16, 2019 8:00 pm by hammurabi

» Dividend Announcement
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyWed May 15, 2019 6:42 pm by Rana

» Israeli spyware breached WhatsApp security
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyWed May 15, 2019 7:47 am by කිත්සිරි ද සිල්වා

» Is Burka prohibted ?
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyWed May 15, 2019 7:30 am by කිත්සිරි ද සිල්වා

» Thread for General News Local/Foreign
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyTue May 14, 2019 11:49 am by CK

» Fed Rate hike , Rs Devaluation PART 2 : Should CSE be like this? Whose FAULT is it?
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyFri May 10, 2019 7:15 pm by Backstage

» NEST.N0000
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyThu May 09, 2019 7:54 pm by ruwan326

» What to Analyse
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyThu May 09, 2019 5:53 pm by Ethical Trader

» Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyWed May 08, 2019 5:43 pm by serene

» Telenor and Dialog Axiata's parent in talks to merge Asian businesses
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyMon May 06, 2019 1:50 pm by Backstage

» සුබ පාස්කූ මංගල්ලයක් වේවා !
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptySun May 05, 2019 6:51 pm by Backstage

» In the Meantime, Within Our Shores !
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyThu May 02, 2019 11:27 am by Ethical Trader

» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyWed May 01, 2019 3:49 am by Ethical Trader

» Thread for News on Local and Foreign Politics
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyFri Apr 26, 2019 8:18 am by කිත්සිරි ද සිල්වා

» how to access internet ?
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyFri Apr 26, 2019 7:55 am by කිත්සිරි ද සිල්වා

» SERV - The Kingsbury
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyThu Apr 25, 2019 9:26 am by ruwan326

» Lessons from movies
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyTue Apr 23, 2019 8:26 am by කිත්සිරි ද සිල්වා

» DFCC.N0000 ( DFCC BANK PLC )
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyMon Apr 22, 2019 12:38 pm by ruwan326

» Happy Birthday
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptySun Apr 21, 2019 8:13 pm by Rana

» Little Known Facts !
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptySun Apr 21, 2019 9:27 am by කිත්සිරි ද සිල්වා

» හීන්බන්ඩාගේ රැකියාව ඇසූ පසු පොලිස් නෝනලාට තරු පෙනුනා
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptySat Apr 20, 2019 10:07 am by ruwan326

» HASU.N0000 (HNB ASSURANCE PLC)
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyThu Apr 18, 2019 6:05 pm by Ethical Trader

» EAST WEST PROPERTIES PLC (EAST.N0000)
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyThu Apr 18, 2019 6:02 pm by Ethical Trader

» අසිරිමත් සුබ නව වසරකට ආසිරි !
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyWed Apr 17, 2019 6:33 pm by hammurabi

» SEYLAN DEVELOPMENTS PLC (CSD.N0000)
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyFri Apr 12, 2019 8:55 am by yellow knife

» East West properties
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyFri Apr 12, 2019 5:27 am by dhanurrox

» HHL.N0000 ( Hemas Holdings PLC)
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyTue Apr 09, 2019 8:04 pm by NIRMALSG

» කිරි පිටි ගැන ඔබ මෙතෙක් නොදත් දේ
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyMon Apr 08, 2019 5:31 am by Ethical Trader

» CONN.N0000
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptySun Apr 07, 2019 3:15 pm by NIRMALSG

» LION.N0000 (Lion Brewery Ceylon PLC)
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptySun Apr 07, 2019 8:52 am by ruwan326

»  5000 Post Milestone - Congratulations
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyFri Apr 05, 2019 9:07 pm by Ethical Trader

» NTB.N0000 (NATIONS TRUST BANK PLC)
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyFri Apr 05, 2019 1:37 pm by Ethical Trader

» Micro Finance
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyFri Apr 05, 2019 12:14 pm by yellow knife

» REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyFri Apr 05, 2019 7:40 am by serene

» PLC.N0000 ( People's Leasing and Fiance PLC)
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyWed Apr 03, 2019 6:04 pm by NIRMALSG

» VPEL.N0000 (VALLIBEL POWER ERATHNA PLC )
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyWed Apr 03, 2019 3:40 pm by catseye

» SAMP.N0000 (SAMPATH BANK PLC)
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyTue Apr 02, 2019 12:38 pm by malanp

» Sinhala Cinema
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyTue Apr 02, 2019 12:31 pm by yellow knife

» SEYB.N0000 ( SEYLAN BANK PLC )
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyTue Apr 02, 2019 11:23 am by Backstage

» LIOC.N0000 (Lanka IOC PLC)
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyTue Apr 02, 2019 11:15 am by LSE

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit EmptyTue Apr 02, 2019 11:11 am by Backstage

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Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit

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Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit Empty Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit

Post by The Invisible on Mon Oct 15, 2018 9:25 am

ECONOMYNEXT - Sri Lanka’s apparel exports grew 7.8 percent from a year earlier to 444 million dollars in August 2018, despite a fall in exports to the European Union amid Brexit troubles, data from the Joint Apparel Association Forum (JAAF), an industry body, showed.

Exports to the EU fell 7.8 percent in August 2018 from a year earlier to 177 million dollars.

"The Brexit problem is disturbing the market," JAAF Secretary General Tuli Cooray said.

The British market, currently in turmoil over the uncertainty of the terms of its exit from the EU, is the biggest for Sri Lankan apparel within the EU.

The UK took in 40.9 percent of Sri Lankan apparel exports to Europe in 2017.

Payment platform Visa said that despite a small uptick in consumer spending in the UK in August, household expenditure fell again in September, reflecting an ongoing trend due to financial uncertainty.

Shipments to the US grew 21.5 percent from a year earlier to 209 million dollars in August 2018.

"Exports to the US were similar to seasonal trends from earlier years," Cooray said.

Sri Lanka is a big supplier to US-based Victoria's Secret. The brand has been hit by competition in the recent past.

Although sales for Victoria's Secret, fell 5 percent in August from a year earlier, sales grew 1 percent in September, interim financials of the parent, L Brands, showed.

Fluctuating Victoria's Secret sales over the past two years had trickled down to Sri Lanka's apparel exports to the US.

But Sri Lankan apparel manufacturers have coped by increasing sales to other brands such as Calvin Klein, which are capitalising on new consumer trends to compete with Victoria's Secret's traditional products, industry analysts say.

Apparel exports to other markets were up 20.8 percent to 58 million dollars from a year earlier.

Exports for the first eight months of 2018 were up 4.5 percent to 3.3 billion dollars from 2017.

Exports to the US were up 4.4 percent to 1.4 billion dollars from a year earlier and shipments to the EU were up 5.1 percent to 1.4 billion dollars up to August. (COLOMBO, Oct 13, 2018)
The Invisible
The Invisible

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