The US $ in EURO
1,1490

What happened this week: Everything was concentrated on the fair  in Bologna. Since the trade had no chance to get together for quite a while, expectations were high. Consequently was the disappointment relatively great when on the first day the attendance was just normal for a May Lineapelle. Wednesday was pretty crowded again and gave some confidence back, that the leather business was not coming to a standstill. The info about the leather business confirmed pretty exactly what one felt already for a while. Upholstery leather suffers a major set back in orders since mid April and most tanners are complaining about a very short order book. Improvement in Europe can not be seen until the holidays. Overseas sales suffer from the declining USD and the massive uncertainty about the SARS influence on business in Asia and eventually in the whole world. When in comes to shoe and leathergoods we found the situation a bit mixed. Many tanners claimed missing orders and poor business, but we met also various who enjoy a strong order book and denied any negative impact on their business so far. Mainly heavy calf leathers and heavy shoe

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