Textile Industry’s Boom Index in September

By CnAgri2012-12-04 09:59:37 Print     China’s medium and large enterprises’ sales of garments, shoes, hats and knitted wear valued RMB80.1 billion in September, an increase of 20.4% on the year-on-year basis. Adjusting for price, the increase rate was 16.44%. Textile product and garment consumption was curbed by inflation.
 
    The textile industry realized an export value of $25.126 billion in September, down 9.33% on the year-on-year basis. Adjusting for US dollar appreciation, the industry’s export value actually went up 13.23%.
 
    The textile industry’s domestic sales and exports added up to RMB239.38 billion in September and RMB1.848 trillion in January ~ September, up 13.3% and 5.1% respectively on the year-on-year basis, conducive to the rise of the industry’s boom index.
 
    The medium and large textile mills realized an added value increase of 10.1% and the garment industry 4.7% in September. Adjusting for price, the textile industry’s added value increase rate was 8.5% in September, slightly lower than the month before.
 
    RMB39.96 billion was poured into the textile industry and RMB26.94 billion into the garment, shoes and hat industry in September, up 4.49% and 24.79% respectively on the year-on-year basis. Adjusting for inflation, their increase rates were 8.1% and 28.4% respectively.
 
    The cost, profit and profit ratio of yarn production were RMB6,074/MT, RMB528/MT and 2.06% respectively in September. The profit ratio was slightly below the month before.
 
    On the whole, the textile industry’s boom index was 9.17% in September, up 0.97% over the month before.

          
From “China Cotton Bi-Weekly Market Report”