The Fashion & Apparel industry is one of the largest in the world. The industry generates over $3 trillion a year, and none of it would be possible without a robust textile and apparel manufacturing sector. In 2014, manufacturers created nearly $73 billion in revenue. Since the economic downturn of 2008, the clothing manufacturing sector has enjoyed a period of stability and growth. Since 2009, the industry has grown 11.4% and is expected to maintain a 0.7% annual growth rate.