Industry Outlook
Both output and sales values of the industry will rise in 2015 from a
year earlier. However, the pace of growth is not expected to ease. A
steady economic growth and an improvement in the labor market in
the US and signs of economic stabilization in the eurozone will
translate into a slight growth in the industry export value in 2015 from
a year earlier.
Some firms within the industry will benefit from a steady economic growth and
demand for made-in-Taiwan suitcases, helping improve retail sales of genuine
leather bags and handbags and supporting orders placed with firms in Taiwan.
At the same time, most of well-known forecasting agencies unanimously
predict a steady growth in the world economy and an improvement in the labor
market in 2015. Moreover, the European economies will rapidly improve,