Ntect | Industry profile

Apparel and leather and allied products
Industry profile, February 2020

Sections: Description | Pricing | Costs | Demand | Appendix

This page is an industry profile for the Apparel and leather and allied products industry. It provides a general economic overview of recent developments in the industry. This includes information on industry pricing, costs, and demand. Below you will find a description of what type of business establishments are included in this industry. For information on how to best utilize this industry profile please visit our Business Solutions.

Industry Description

Industries in the Apparel Manufacturing subsector group establishments with two distinct manufacturing processes: (1) cut and sew (i.e., purchasing fabric and cutting and sewing to make a garment) and (2) the manufacture of garments in establishments that first knit fabric and then cut and sew the fabric into a garment. The Apparel Manufacturing subsector includes a diverse range of establishments manufacturing full lines of ready-to-wear apparel and custom apparel: apparel contractors, performing cutting or sewing operations on materials owned by others; jobbers, performing entrepreneurial functions involved in apparel manufacturing; and tailors, manufacturing custom garments for individual clients. Knitting fabric, when done alone, is classified in the Textile Mills subsector, but when knitting is combined with the production of complete garments, the activity is classified in the Apparel Manufacturing subsector.

This industry description was sourced from the North American Industry Classification System.

Industry Pricing

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As of January 2020, prices in this industry had increased 0 percent since the previous quarter.
From January 2019 to January 2020 prices in this industry increased 1.9 percent.
Prices increased 4.5 percent in the five year period starting in January 2015 and ending in January 2020.

+0%
From the previous quarter ¹

+1.9%
From the previous year ¹

+4.5%
From five years ago ¹

Industry Costs

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As of January 2020, costs in this industry had increased 0 percent since the previous quarter.
From January 2019 to January 2020 costs in this industry decreased 0.2 percent.
Costs increased 10.7 percent in the five year period starting in January 2015 and ending in January 2020.

+0%
From the previous quarter ³

-0.2%
From the previous year ³

+10.7%
From five years ago ³

For details on which industries are included in each sector, click here

The largest cost for this industry is purchases made to the Manufacturing sector. This sector accounts for 42.8% of the industry's overall costs.
From January 2019 to January 2020, the largest change in costs for this industry were costs associated with purchases to the Transportation and Warehousing sector. Costs associated with this sector increased 5.9%.

**Major Industry Costs by Sector**
Sector Name	Percentage of Costs	Annual Percent Change ⁴
Manufacturing	42.8%	+0.5%
Labor	42.4%	-0.5%
Management of Companies and Enterprises	3.9%	-2.2%
Professional, Scientific, and Technical Services	3.1%	-1.7%
Transportation and Warehousing	2.1%	+5.9%

Industry Demand

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As of July 2019, demand for this industry had decreased 0.3 percent since the previous quarter.
From July 2018 to January 2020 costs in this industry decreased 0.7 percent.
Costs increased 6 percent in the five year period starting in July 2014 and ending in July 2019.

-0.3%
From the previous quarter ⁴

-0.7%
From the previous year ⁴

+6%
From five years ago ⁴