Textile Industry’s Boom Index in June

By CnAgri2012-08-01 10:40:53 Print

China’s sales value of garments, shoes, hats and knitted wear by medium and large enterprises registered RMB73 billion in June, an increase of 20.2% on the year-on-year basis. Adjusting for price, the increase rate was 16.36%.

The textile industry’s exports valued $22.888 billion in June, down 0.04% on the year-on-year basis. Adjusting for US dollar appreciation, the Chinese textile industry’s export value actually increased 10.06% in June on the year-on-year basis.

The textile industry realized an added value increase of 7.7% in June, adjusting for price, below that of the previous month.

RMB44.11 billion investment was poured into the textile industry in June and RMB26.85 billion into the garment, shoes and hat industries, up 0.17% and 9.35% respectively on the year-on-year basis. Adjusting for price, the increase rates were 2.3% and 11.5% respectively.

The cost, profit and profit ratio of yarn production were RMB5,190/MT, RMB1,554/MT and RMB6.3% respectively in June. The profit ratio was the top level since July last year.

On the whole, the textile industry’s boom index was 8.24% in June, lower than the previous month.

From "China Cotton Market Bi-Weekly Report"