Italy's Fashion Sector To Be First Out Of Crisis

03/18/2010 05:12 am ET | Updated May 25, 2011

Italy's fashion sector will be the first to give the crisis the boot, Reuters reports. The country has relied on government help since last year and hopes the government will continue to encourage competition amongst designers, manufacturers and retailers.

Head of Sistema Mode Italia Michele Tronconi said the current sales are going well and that, "In the last few months, there has been a change in pace, now there is a favorable context for various reasons." Tronconi believes that tax credits and lower energy costs have helped the industry build itself up.

Italy is currently in the middle of menswear trade fair Pitti Uomo, which brings the international fashion audience to the country.

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