The economic operation of garment industry in January-May is as follows:

Production

According to the National Bureau of Statistics, from January to May, the garment production of enterprises above designated size in garment industry totaled 7.31 billion pieces, declining by 17.91% year-on-year. Its decrease expanded 6.55 percentage points than that of the first four months.

Domestic sales

According to the National Bureau of Statistics, from January to May, the total retail sales of consumer goods amounted to over CNY 13.87 trillion, down 13.5% year-on-year. Thereinto, the retail sales of clothing, foot & head wear and knitted goods by major retailers above designated size was CNY 288.7 billion, declined by 25.6% year-on-year.

According to the National Bureau of Statistics, from January to May, China’s online retail sales was over CNY 3.37 trillion, growing by 11.5% year-on-year. In the online retail sales of physical commodities, wearing goods decreased by 6.8% year-on-year.

Export

According to the Customs Newsletters, from January to May, China’s garment and accessories exports totaled US$ 40.26 billion, down 22.68% year-on-year.

Investment

According to the National Bureau of Statistics, from January to May, the actual investment of China’s garment industry decreased by 39.2% compared with the same period of 2019.

Benefit

According to the National Bureau of Statistics, from January to May, the main business income of textile enterprises above designated size totaled about CNY 464.7 billion, with year-on-year decrease of 16.89%; the total profit was CNY 18.04 billion, down 29.16% year-on-year; the margin of operating income reached 3.88%, dropped by 0.67 percentage points year-on-year.

Source: CHINA TEXTILE LEADER Express