The prosperity index of China’s cotton textile industry came in at 47.85 in May, its decrease narrower than that of previous month.

In May, the raw material purchasing index came in at 49.41, up 3.74 over April; the raw material inventory index came in at 48.65, up 1.2 month-on-month; the production index was 47.45, up 0.21 from previous month; the product sales index came in at 47.66, up 2.33 from previous month; the product inventory index was 49.82, increased by 3.26 from April, and the business index came in at 47.08, up 1.37 from the previous month.

Prosperity Index of China Cotton Textile Industry in January-May

Referring to the formulation methods of PMI and other indexes, the prosperity index of China's cotton textile industry is based on the weighed calculation of numerous main indicators of about 500 cotton textile enterprises. A reading above 50 indicates expansion, while a reading below reflects contraction.

Source: CHINA TEXTILE LEADER Express