Apparel-August 2020 | Page 38

Industry Insights A Monthly Update on the Apparel Industry CMAI gives Textile and Garment Manufacturers and Retailers a deep insight of the Current Economic situation on the country’s Apparel Industry Apparel Index of Industrial Production (IIP) Update Apparel Consumer Price Index (CPI) Update • The apparel IIP was valued at 117 in February 2020, recording an increase of three per cent as compared to that in February 2019. • However, as compared to January 2020, the apparel IIP declined by three per cent in February 2020. • The apparel CPI remained constant at a value of 151 in March 2020. • As compared to March 2019, the apparel CPI showed an increase of two per cent in March 2020. 36 I APPAREL I August 2020