The economic operation of garment industry in Jan.-Mar. is as follows:

Production

According to the National Bureau of Statistics, from January to March, the garment production of enterprises above designated size in garment industry totaled 4.88 billion pieces, increasing by 1.21% year-on-year.

Domestic sales

According to the National Bureau of Statistics, from January to March, the total retail sales of consumer goods amounted to CNY 9.77 trillion, surged by 8.3% year-on-year. Thereinto, the retail sales of clothing, foot & head wear and knitted goods by major retailers above designated size was CNY 251 billion, edged up 2.6% year-on-year.

According to the National Bureau of Statistics, from January to March, China’s online retail sales was CNY 1.77 trillion, growing by 21.0% year-on-year. In the online retail sales of physical commodities, wearing goods increased by 19.1% year-on-year.

Export

According to the Customs Newsletters, from January to March, China’s garment and accessories exports totaled US$ 29.43 billion, down 6.5% year-on-year.

Investment

According to the National Bureau of Statistics, from January to March, the actual investment of China’s garment industry decreased by 11.4% compared with the same period of 2018.

Benefit

According to the National Bureau of Statistics, from January to March, the main business income of textile enterprises above designated size totaled about CNY 376.21 billion, with year-on-year growth of 6.82%; the total profits were CNY 18.06 billion, up by 8.29% year-on-year; the margin of sales was 4.80%, increased by 0.07 percentage points compared with the same period in 2018.

Source: CHINA TEXTILE LEADER Express