Moodie Has Raised The Outlook For The US Apparel Industry.

On the evening of March 29th Beijing time, Moodie Investors Service Inc announced Thursday that its outlook on the outlook for the US apparel industry has been steadily increased to a positive level, mainly because of the decline in the cost of cotton.

Last week, Moodie said the agency expects cotton A sustained decline in prices will help reduce the profit margins of the US apparel industry from the second half of this year. Moodie also expects that the gross profit margin of the US apparel industry will probably grow by 1% to 2% from the third quarter.

Moodie said Thursday that the industry's prospects for increasing the industry were expected to continue its growth in employment and the general recovery in the US automobile and housing sectors, which would stimulate consumer spending on clothing and keep pace with total spending growth.

Moodie expects private equity holders of children clothing Retailers Gymboree Corp. and Levi Strauss &Co., a well-known clothing company, will be able to benefit most from the decline in cotton prices, because the profit margins of the two companies have been hit most by last year's high cotton prices in.

Moodie expects us apparel profits to grow by 7% to 8% this year and the biggest increase in profit in the second half. Moodie also said that the US garment industry's profit growth rate will slow down to 5% to 6% in 2013.