Strengthening dollar boosts Brazilian footwear exports in October
According to Abicalçados - Brazilian Association of Footwear Manufacturers and SECEX/MDIC - Department of Foreign Trade/Ministry of Trade and Industry, exports increased 9% to $119 million.
Nevertheless, the total was still 11% down on the $134 million figure recorded in October 2001. The year-to-date figure meanwhile was 12% down in the year before, at $ 1.23 billion - the main culprit being the downturn in consumer spending, particularly in the US.