In the first quarter of the year, domestic footwear production fell by 40% over the same period in 2008.
During 2008, production had registered a 10% increase.
Entrepreneurs are betting on investing in new projects, advertising and exhibitions such as the Expocalzado 2009 Fair in the midst of the crisis. It is expected that, while the industry is experiencing a downturn, it will recover and achieve the growth reached in 2008, explained Juan Antonio Tojín, vice president of the Grecalza shoe union.