The Decline Continued To Narrow, Export Growth Turned Positive, And China'S Clothing Industry Recovered Growth

Major economic indicators such as production, investment and efficiency continued to show positive changes,

The industry has maintained a steady recovery.

From January to August 2020, the economic operation of China's clothing industry will be released. Based on the relevant data of the National Bureau of statistics, China Customs and other institutions, this briefing summarizes the brief data and operation trend related to the clothing industry.

With the effective control of the domestic epidemic situation and the gradual recovery of international market demand, the domestic demand market of China's clothing industry has obviously recovered, and the clothing export has improved. In August, the growth rate of clothing Commodity retail sales and the export of clothing and clothing accessories of units above the quota in August turned to positive growth for the first time in this year. The main economic indicators such as production, investment and efficiency continue to show positive changes, and the operation of the industry is maintained Stable recovery situation. However, the current changes in the operation of the industry are only restorative growth, and the cumulative growth rate of major economic indicators is still in the declining range. In addition, the overseas epidemic situation is still spreading, the domestic and foreign development environment is complex and changeable, and there are many uncertain factors, so the continuous recovery of China's clothing industry is still facing certain pressure.

▌ Production:

According to the data of the National Bureau of statistics, from January to August 2020, enterprises above Designated Size in the garment industry have completed a total of 13.481 billion pieces of clothing, a year-on-year decrease of 11.95%, and the decline rate is 1.47 percentage points lower than that of the previous month.

▌ domestic sales:

According to the data of the National Bureau of statistics, from January to August 2020, the online retail sales of physical goods reached 5865.1 billion yuan, a year-on-year increase of 15.8%; among them, the online retail sales of wearing goods resumed positive growth, with an increase of 1.1%, 2 percentage points faster than that of the previous month.

▌ export:

According to the data of China Customs express, from January to August 2020, China's total exports of clothing and clothing accessories reached US $82.609 billion, a year-on-year decrease of 12.9%, and the decline rate was 3.7 percentage points narrower than that of the previous month. The export amount of clothing and clothing accessories in August changed from negative to positive for the first time in the year, with a year-on-year increase of 3.23%.

▌ Investment:

According to the data of the National Bureau of statistics, from January to August 2020, the actual completed investment of China's clothing industry decreased by 34.2% year-on-year, 2.4 percentage points lower than that of the previous month.

▌ benefits:

According to the data of the National Bureau of statistics, from January to August 2020, there are 13168 Enterprises above Designated Size (annual main business income of 20 million yuan and above) in the clothing industry, with a cumulative operating income of 819.890 billion yuan, a year-on-year decrease of 14.36%, and a decrease of 0.65 percentage points compared with the previous month; the total profit of 35.075 billion yuan, a year-on-year decrease of 25.63%, a decrease of 0.65 percentage points compared with the previous month; the profit margin of operating income was 4.2 8%, down 0.65 percentage points over the same period of last year.

(source: National Bureau of statistics, China Customs)