Total US apparel imports edged upwards in July, bucking the stagnant trend that had thus far described the summer.
According to data released by the US Department of Commerce, US apparel imports totaled USD7.8 billion in July, an increase of approximately 20% from June’s apparel import total of USD6.3 billion.
This USD7.8 billion figure describes a year-on-year increase of approximately 3% from the same month in 2011, during which time the US imported USD7.6 billion worth of apparel goods. However, the data also shows a remarkable 13% increase from July of 2010, during which time the US imported apparel products worth USD6.8 billion.
Analysts are attributing the increase in imports to the growth in US citizens’ disposable income, in combination with a bump from the nation’s back-to-school shopping season.