In February, the global manufacturing sector displayed signs of steady recovery, although growth remained low. This was mainly due to ongoing geopolitical conflicts that continue to disrupt the global industrial supply chain, leading to some obstruction in global trade. In addition, the impact of trade friction on the global economy continues.

The prosperity index of China’s cotton textile industry came in at 46.4% in February this year, down 4.5 percentage points from January.

In February, the raw material purchasing index came in at 48.0%, down 4.9 percentage points over January; the raw material inventory index came in at 48.1%, declining 4.4 percentage points month-on-month; the production index was 45.0%, down 4.9 percentage points from January; the product sales index came in at 47.5%, down 3.2 percentage points from the previous month; the product inventory index was 48.0%, down 1.7 from January and the business index came in at 44.2%, decreasing 5.6 percentage points from the previous month.

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

Prosperity Index of China Cotton Textile Industry

Source: CHINA TEXTILE LEADER Express