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Development of the textile industry in the first quarter of 2019

  • Author:Junqian Nonwoven
  • Source:Junqian Nonwoven
  • Release on :2019-05-24
The domestic and international markets remain stable under pressure. According to the National Bureau of Statistics and Customs Express data, in the first quarter of 2019, the national retail sales of clothing, shoes and hats and needles exceeded the quota by 3.3% year-on-year, lower than the growth rate of 6.5 percent in the same period last year. Online retail sales of apparel products increased by 19.1% year-on-year, down from 14.8% in the same period last year, but continued to maintain a good double-digit growth. Export pressure has increased. In the first quarter, the total value of textile(Non Woven Spunbond Polypropylene Supplier) and apparel exports was US$56.33 billion, down 1.8% year-on-year, and the growth rate dropped by 7.4 percentage points over the same period last year. There are some differences in the export performance of upstream and downstream products in the industrial chain. Clothing exports fell 6.5% in the first quarter to $29.43 billion.

Non Woven Spunbond Polypropylene Supplier, Non Woven Polypropylene Roll Factory, Pp Non Woven Material Wholesale

The prosperity of the textile industry is in line with expectations, production, investment and overall stability of quality and efficiency. According to the survey data of the China National Textile(Non Woven Polypropylene Roll Factory) and Apparel Council, the textile industry's prosperity index for the first quarter of 2019 was 55, maintaining a range of expansion of more than 50. According to the National Bureau of Statistics, the industrial added value of more than 34,000 textile companies(PP Non Woven Material Wholesale) designated by China increased by 5.4% year-on-year in the first quarter, 1.8 percentage points higher than the same period last year and 2.5 percentage points higher than the fourth quarter of 2018. Total fixed asset investment increased by 6.5% year-on-year, 9.8 percentage points higher than the same period last year. In the first quarter, the textile enterprises above designated size achieved a total operating income of 1,235.31 billion yuan, a year-on-year increase of 6.9%, an increase of 3.8 percentage points over the same period of the previous year. Gross profit was 46.1 billion yuan, up 2.3% year-on-year and 6.1 percentage points year-on-year. The operating profit margin of textile enterprises above designated size is 3.7%, the turnover rate of finished products is 16.5 times per year, and the total asset turnover rate is 1.2 times per year, which is basically the same. The previous year showed that textile companies have improved management efficiency and steadily improved their ability to resist risks as external pressures continue to increase.