Despite the year-over-year gain, the overall indicator remains below the 50-point threshold, which marks the dividing line between expansion and contraction in manufacturing activity. Of the seven sub-sector groups analyzed, four recorded year-over-year gains, one remained unchanged, and two declined.
The fashion-related sub-sector—which encompasses textiles, apparel, and leather goods, among others—stood at 51.3 points in July 2026, up from 50.6 in the same month of 2025, marking a year-over-year improvement of 0.7 points.
Unlike the overall indicator, this sub-sector remained above the expansion threshold.
Source: fashionnetwork
