The prosperity index of China’s cotton textile industry came in at 48.6% in June, down 0.8 percentage point from May.

In June, the raw material purchasing index came in at 48.6%, down 0.7 percentage points over May; the raw material inventory index came in at 49.1%, down 1.7 percentage points month-on-month; the production index was 49.0%, down 1.2 percentage points compared with May; the product sales index came in at 48.5%, up 0.4 percentage points from May; the product inventory index was 48.4%, up 0.4 percentage points from May and the business index came in at 49.4%, down 0.5 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 500 backbone cotton textile enterprises. A reading above 50 indicates expansion, while a reading below reflects contraction.

Prosperity Index of China Cotton Textile Industry

(%) 50%= unchanged with previous month

Source: CHINA TEXTILE LEADER Express