The prosperity index of China’s cotton textile industry came in at 50.7% in December 2023, up 1.7 percentage points from November.

In December, the raw material purchasing index came in at 48.7%, up 0.8 percentage points over November; the raw material inventory index came in at 48.3, down 1.3 percentage points month-on-month; the production index was 51.3%, up 1.6 percentage points from November; the product sales index came in at 49.5, up 1.1 percentage points from November; the product inventory index was 52.5%, up 3.6 percentage points from November and the business index came in at 51.8%, up by 2.3 percentage points from the previous month.

The prosperity index of China's cotton textile industry is based on the weighed calculation of numerous main indicators of about 200 backbone cotton textile enterprises. A reading above 50 indicates expansion, while a reading below reflects contraction.

Source: CHINA TEXTILE LEADER Express