A few days ago, the analysis data of the textile industry in the first three quarters was released. According to a report released by the Industrial Economic Research Institute of the China National Textile and Apparel Council (hereinafter referred to as the “Science and Economics Institute”), the “three troikas” of domestic demand, exports and investment in the textile industry in the first three quarters have all recovered, and the whole industry is expected to drive domestic consumption throughout the year. Maintaining smooth operation under the support of the transformation.

According to the analysis of the Institute of Trade and Economics, this year, the international and domestic markets for textiles and garments have achieved rapid growth, supporting the smooth operation of the textile industry. The reform of the supply side of the textile industry continued to advance, the relationship between supply and demand has improved, the quality of development has improved steadily, and the main indicators have shown a monthly correction. .

In terms of domestic demand, the old and new formats of the domestic market have also accelerated. The traditional format sales of textile and apparel products was better than that of the previous year. From January to September, the retail sales of clothing, shoes, hats and needles and textiles above the national quota increased by 8.9% year-on-year, and the growth rate increased by 1.7 percentage points over the same period of the previous year, which was higher in the past three years. Growth level. The emerging business maintained rapid growth. The nationwide online retail sales of wearing goods increased by 23.3% year-on-year, and the growth rate was 4.1 percentage points higher than the same period of the previous year.

On the export side, the market continues to pick up. From January to September, China's textile and apparel exports totaled US$207.77 billion, up 4.6% year-on-year. The growth rate was 3.7 percentage points higher than the same period of the previous year and 1.3 percentage points higher than the first half of this year. According to the product structure, textiles have stable competitiveness, and the export value increased by 10.5% year-on-year. The growth rate was 7.6 percentage points higher than the same period of the previous year, and the proportion of total exports increased to 43%. Clothing was affected by high manufacturing costs, orders and investment transfer. The export pressure is relatively high. The export value from January to September increased by only 0.6% year-on-year.

In terms of investment, the growth rate is rising month by month. From January to September, the total investment in fixed assets of the textile industry increased by 5.8% year-on-year, down 0.4 percentage points from the same period of the previous year, but it was 9.1 and 4.5 percentage points higher than the first quarter and the first half of this year. In terms of industries, the growth rate of the textile industry (including spinning, weaving, dyeing and finishing, knitting, home textiles, and industrial use) increased by 5.1 percentage points to 5.9% compared with the first half of the year, and the chemical fiber industry increased by 31.9% year-on-year. Growth, while investment in the apparel industry decreased by 1.6% year-on-year.

According to the report of the Economic and Trade Institute, in the first three quarters, the economic benefits continued to improve and the quality of operation was relatively stable. From January to September, the country's 36,000 textile enterprises above designated size achieved a total revenue of 4,219.76 billion yuan, a year-on-year increase of 4.2%. The company's sales profit rate was 4.7%, an increase of 0.1 percentage points over the same period of the previous year.

The Sankei Institute predicts that the textile industry will continue to continue its current stable operation throughout the year, and the main operational indicators will basically maintain the current level of growth. However, in 2019, the domestic and international market environment faced by China's textile industry has been steadily changing. The operating pressure of the textile industry will increase compared with this year. The uncertainty of the export situation will increase, and the internal demand for the industry to promote high-quality development will be more urgent. Efforts to improve production efficiency and risk resistance will continue to maintain a stable development.

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