1 October 2015 - The downward trend in currencies of low-cost countries has been supported in the last month by the US Fed decision to keep unchanged its benchmark interest rate. The Turkish lira and the Indonesian rupiah have further plunged, whereas the INR could continue declining until the end of 2015. Our monthly statistical report displays a comprehensive view of currency values against the US dollar but also v. the euro, the British pound, the Indian and Pak rupees, and the Chinese renminbi over a 2-year period.
22 September 2015 - Minimum wages have been raised in a large number of low-cost countries this year, including Myanmar, Laos, Pakistan, Vietnam, Sri Lanka, etc. New adjustments are also being negotiated or already planned for the start of next year. The low inflation rates do not limit the growth in minimum salaries, as a clear sign that political powers are now unable resisting requests from trade unions for a better life at apparel plants. Our report includes a comprehensive list of manufacturing countries, with the new level of minimum wages in September 2015 in US$ terms, compared with January 2014 and January 2015.
14 September 2015 - Production prices have more significantly dropped in China's economy in August, although not in the textile sector, whereas clothing prices were further rising. This statistical report offers a comprehensive view of production costs and consumer prices in China, including in textile and clothing sectors. Labor costs in major provinces are also being followed.
10 September 2015 - Inflation rates remained under control this summer in most low-cost countries, amid rising uncertainties about the global financial system. Our monthly report offers a comparison of inflation rates in low-cost countries, with historical data available back to June 2007. Impact of currency changes is calculated to assess real consequences for exports of higher or lower inflation rates.
1 September 2015 - The devaluation of the yuan has triggered a fall in a series of so-called low-cost and commodity currencies, including a devaluation of the Vietnamese dong. In the meantime, other currencies were remaining unchanged against the US dollar. Our monthly statistical report displays a comprehensive view of currency values against the US dollar but also v. the euro, the British pound, the Indian and Pak rupees, and the Chinese renminbi over a 2-year period.
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