As the world returned to more pre-Covid 19 normalcy, to the office and to social events, the branded casual footwear market recovered strongly by rising 19.5 percent in 2021 to $14,671 million from $12,272 million a year earlier. While impressive, the percentage gain did not equal those made by the global sports (+26.4%) and European (+28%) rugged footwear markets in 2021. [Casual footwear sales rebound in 2021 | Article-shoeintelligence.com]
The U.S. yield curve is its most inverted in more than 40 years, indicating investors are raising their bets of a coming recession, the Financial Times reports. [Bond market points to Fed standing firm in battle against inflation- FT]
In the first quarter of 2022, shoemakers' stock prices fell sharply, following the decline in global stock markets. However, the Indian and Brazilian companies monitored quarterly by ShoeIntelligence had very positive performances.
China’s exports growth has tumbled to a two-year low, as the curbs introduced to battle Covid has hit factory production, disrupted supply chains and weakened domestic demand too. "The weakest level since June 2020," says SCMP. And metal prices fall (Global Market Headlines - Reuters)
The global market for high heel shoes is expected to increase by an annual average of 1.35 percent between 2021 and 2025, representing an accumulated gain of $1.70 billion over the period, according to a report published by the research and advisory company Technavio.
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