01 Production

According to the National Bureau of Statistics data, from January to May, the industrial added value of apparel enterprises above the designated size declined by 0.5% year-on-year, 0.1 percentage points higher than the performance of the first four months. The garment production of enterprises above the designated size totaled 8.15 billion pieces, down 3.18% year-on-year.

02 Domestic Sales
According to the National Bureau of Statistics, from January to May, the total retail sales of consumer goods amounted to 19.52 trillion yuan, up by 4.1% year-on-year, unchanged from the performance of the first four months. Thereinto, the retail sales of clothing by major retailers above the designated size went up by 3.2%, 6.2 percentage points faster than that of April. The total online sales of wearable items increased by 9.0% year-on-year in the first five months, 1.5 percentage points slower than in January-April.

03 Export
According to the Customs Newsletters, China’s garment and accessories exports totaled US$ 58.72 billion in the first five months, increasing 0.2% year-on-year, 0.2 percentage points faster than the first four months.
In May alone, clothing exports reached US$ 13.25 billion, seeing an increase of 1.6% year-on-year, 5.5 percentage points higher than in April. The export volume was 2.95 billion pieces, seeing a year-on-year increase of 12.6% and month-on-month growth of 17.5%.

04 Investment

According to the National Bureau of Statistics, from January to May, the fixed-asset investment in China’s garment industry increased by 14.8% year-on-year, 19 percentage points higher than the same period of 2023.

05 Benefit

According to the National Bureau of Statistics, from January to May, the main business income of apparel enterprises above the designated size totaled about 461.22 billion yuan, with a year-on-year growth of 0.58%, 0.21 percentage points faster than that of the for months. The total profit was 17.56 billion yuan, up by 1.75% year-on-year, 5.58 percentage points slower than that of the four months. The margin of operating was 3.81%, 0.03 percentage points higher than the performance of 2023.

Source: CHINA TEXTILE LEADER Express