Philippines Has High Output Of Shoes And Clothing In June, And Footwear Exports In Putian Are Low.

Philippines reported that the output value of manufacturing industry increased by 2.4% over the same period last June, according to the office of national statistics.

Among them, the larger industries include shoes and

(82.5%) pport equipment (49.7%), furniture and fixtures (40.2%), wood and wood products (36.6%),

Products (30.6%), food manufacturing (18.3%), machinery (17.9%), chemicals (17.1%) and textiles (11.2%).

In June, the output value of manufacturing industry increased by 4.3%, compared with 4.4% in May.

Due to the low external demand, Putian's foreign trade export growth has dropped sharply this year.

Reporters learned yesterday from the Putian Municipal Foreign Trade and Economic Cooperation Bureau. In the first half of this year, the growth rate of foreign trade growth in Putian maintained only one digit growth, an increase of 23.7 percentage points year-on-year, making the structural contradictions of foreign trade in Guangdong Province exposed.

"Putian's export market concentration is too high, and its anti wave capability is very weak."

Mr. Lin, a member of the Municipal Bureau of foreign trade and economic cooperation, said that the concentration of Putian's exports to Europe and the United States reached more than 60%, while the weak recovery in Europe and the United States would undoubtedly bring huge impact to Putian's foreign trade exports.

At the same time, because the export structure of Putian enterprises is relatively simple, the proportion of labor intensive and low value-added goods is too high, which is a short board of Putian's foreign trade.

In the first half of the year, Putian

The amount of US $724 million, which accounts for 52.2% of the total export volume of the city, has increased by only 8.2%.

And the United States

Retail giant DSWInc (DSW) released its financial report on Tuesday. Its net profit in the second quarter decreased by 79%, mainly due to the related expenses related to mergers and acquisitions, but the adjusted performance was better than market expectations.

In the fiscal quarter ending July 28th, the net profit of the company fell to $29 million 300 thousand, or 65 cents per share, from 140 million US dollars a year, or 3.96 US dollars per share.

Excluding the expenditure related to the acquisition of RetailVentures, the company adjusted earnings per share for the quarter to 66 cents, which was higher than the average 62 cents of analysts surveyed by FactSet.

Revenue grew 7.5% to $512 million, higher than analysts' average estimate of $511 million.

Same store sales increased by 4.2%.

DSW reiterates that earnings per share are expected to be US $3.25-3.40 per year.

Analysts averaged $3.28.

DSW currently operates 338 stores in 41 states.

The company said on Tuesday it plans to open 27 new stores in the second half of the fiscal year.