Textile Industry’s Boom Index in May

By CnAgri2013-07-03 11:14:31 Print

According to the National Bureau of Statistics, China’s medium and large enterprises’ sale value of garments, shoes, hats and knitted wear totaled RMB84.7 billion in May and RMB451.5 billion in January ~ May, up 10.9% and 11.1% respectively on the year-on-year basis.
 
The nation’s major stores’ garment sale increased 6.6%, knitted and woven product sale 6.1% and shoes and hat sale 5.5% in May on the year-on-year basis. Adjusting for price, their increase rates were 4%, 4.84% and 2.93% respectively.
 
On the whole, the nation’s garment consumption increase index was 6.06% in May, higher than the 3.21% in April.
 
The textile industry realized an export value of $22.97 billion in May, up 5.21% on the year-on-year basis. Adjusting for US dollar value change, the increase rate was 7.87%.
 
The textile industry’s sale at home and abroad totaled RMB218.98 billion in May and RMB1.133 trillion in January ~ May, up 8.3% and 19.1% respectively on the year-on-year basis.
 
Medium and large textile mills realized an added value increase of 8.9% and medium and large garment factories 7.7% in May on the year-on-year basis. Adjusting for price, the textile industry enjoyed an added value increase of 7.7%.
 
Textile mills received RMB44.11 billion investment and garment, shoes and hat factories RMB27.08 billion in May, up 9.5% and 4.77% respectively on the year-on-year basis. Adjusting for inflation, their increase rates were 12.4% and 7.7% respectively.
 
The cost of yarn production was RMB5,199/MT (cotton cost excluded) in May, suggesting a profit of RMB340/MT and a profit rate of 1.32%.
 
Taking into account of the above factors, the textile industry’s boom index was 6.32 in May, lower than the month before.

From “China Cotton Bi-Weekly Market Report”