To obtain a decorative sheet having a new appearance and a new visual feeling such as a change in color by a viewing angle and useful for clothes, etc., by forming a colored polyurethane layer on a flocked surface formed of colored fiber flocks and then buffing the surface of the polyurethane layer.

This decorative sheet is obtained by coating the top surface of a base substrate 2 with colored fiber flocks 3 using an adhesive B, applying a polyurethane solution or a dispersion of the polyurethane onto the flocked surface, solidifying the solution, forming a colored polyurethane layer 4 and buffing the surface of the formed and colored polyurethane layer 4. The fiber flocks 3 and the polyurethane layer 4 may be tinted with different colors.