Textile Industry Economic Data Released In The First Three Quarters Of This Year

China textile industry In October 31st, the Federation released the economic performance of the textile industry in the first three quarters of 2013. Data show that in the first three quarters of this year, the economic performance of China's textile industry remained stable and the main operational indicators achieved steady growth. Production growth slowed down compared with the same period last year, and the growth rate of exports and economic indicators rose steadily compared with the same period last year.

The characteristics of specific industries' economic performance are as follows: the total output of industries has increased, and the growth rate has continued to slow down. According to the National Bureau of statistics, 1~9 added value of China's textile industry increased by 8.6% over the same period last year, a slight decrease compared with the first half of this year. Among them, the textile industry increased by 9.2% compared with the same period last year, the clothing industry increased by 7.5% compared with the same period last year, and the chemical fiber industry increased by 10% over the same period last year. The growth rate of major categories of products generally declined compared with the same period last year, and the growth rate of production slowed down during the year. In the 1~9 months of this year, the output of chemical fiber, yarn, cloth and clothing of textile enterprises above Designated Size reached 30 million 461 thousand and 200 tons, 25 million 762 thousand and 700 tons, 49 billion 428 million meters and 19 billion 392 million pieces respectively, representing an increase of 7.47%, 7.45%, 7.12% and 0.73% respectively, representing a decrease of 4.47, 5.46, 3.27 and 3.27 percentage points respectively over the same period last year. The excessive price difference between domestic and foreign cotton and the relatively slow growth of market demand are the main reasons for the obvious slowdown in the growth rate of China's textile industry compared with the same period last year.

The export growth rate of products increased faster than that of last year, but showed a trend of fluctuation during the year. According to customs data, China's textile and clothing exports totaled US $215 billion 311 million in 1~9 months this year, an increase of 11.74% over the same period last year, representing a 10.7 percentage point increase over the same period last year. Among them, the export of textiles was US $84 billion 223 million, an increase of 10.96% over the same period last year, the growth rate was 10.4 percentage points higher than that of the same period last year, and clothing exports were 131 billion 88 million US dollars, up 12.25% over the same period last year, and the growth rate was 10.9 percentage points higher than that of the same period last year. Exports showed signs of volatility this year. Excluding the seasonal fluctuations of the Spring Festival, the first half of the year showed an overall slowdown in exports. In addition to the callbacks in July and August, the trend of growth in September continued to fall. The European Union, the United States and Japan have been the top three markets for textile and clothing exports in China. But this year, China's exports to ASEAN have grown rapidly. ASEAN has become the third largest market for textile and clothing exports in China. According to customs data, China's textile and clothing exports to ASEAN 1~9 US $25 billion 58 million this year, an increase of 42.74% over the same period last year.

industry Investment The total growth rate is stable, and new projects are maintaining positive growth. In the 1~9 months of this year, the number of new fixed assets investment projects in China's textile industry above 5 million yuan was 11217, an increase of 9.04% over the same period last year, and the growth rate was 15.38 percentage points higher than that of the same period last year. This shows that the industry confidence is recovering faster; the actual completion amount of fixed assets investment in the industry is 660 billion 446 million yuan, an increase of 17.72% over the same period last year, and the growth rate has increased by 2.38 percentage points over the same period last year.

Industry profit growth accelerated compared with the same period last year, but there was a downward trend in the year, and quality and efficiency indicators performed well. In the 1~9 months of this year, the total revenue of 38 thousand major textile enterprises above Designated Size reached 4 trillion and 558 billion 574 million yuan, an increase of 11.70% over the same period last year. The growth rate was 2.37 percentage points higher than that of the same period last year. The total profit was 215 billion 249 million yuan, up 17.41% over the same period last year, up 17 percentage points from the same period last year, and the sales profit margin was 4.72%, a slight increase of 0.23 percentage points over the same period last year. It shows that the profit level of the industry has improved over the same period last year. The three fee ratio is 6.06%, down 0.03 percentage points compared with the same period last year, and the deficit of loss making enterprises decreased by 4.39% compared with the same period last year. It shows that the efficiency of industry management has been improved. From the survey results of entrepreneurs, large enterprises run well, and the cost control ability is strong, while small enterprises run relatively poorly.

At present, the outlook of the international market that affects the economic operation of the textile industry is expected to be basically stable and the export environment will not fluctuate drastically. On the whole, the US, Japan and European economies can basically maintain the recovery trend, which is expected to support the global macroeconomic environment basically stable, and the export environment faced by the textile industry will not change drastically. However, the recovery of the developed economies will continue to be slow and the growth of the external demand will not improve significantly. The competition in the international market is still fierce. It is expected that China's textile and clothing exports will remain at a growth rate of around 10%.

The domestic market which has an impact on the economic operation of the textile industry is basically stable. Macro economy Steady growth is better, domestic demand growth is higher than ever, network marketing is expanding rapidly, domestic demand is generally stable, but the overall level of consumer confidence and income growth is still low, and the promotion space is relatively limited. In the context of the cotton price difference and the competitiveness of cotton spinning enterprises, labor prices continue to rise and the appreciation of the renminbi accelerates. Under this background, domestic sales growth has room for further improvement, but the promotion space is relatively limited. Combined with the internal and external market situation, the production and efficiency of the industry are basically stable, but with the increase of the statistics base, the growth rate will slightly slow down compared with the current level.