2010 The Rise Of The US Economy Drives The Consumption Of Textile And Clothing.

Because some economists think it's the main reason.

Just as the typical characteristics of the recovery period, GDP has increased since the main economic indicators have risen.

In 2009, the US GDP grew by 2.2% in the third quarter. On this basis, the fourth quarter increased by 5.6%.

The revival of the economy has led to a gradual increase in personal consumption.

In the past 8 months, the total consumption in 7 months (including

Since the outbreak of the financial crisis, the US consumer confidence index has been on the low side.

The housing bubble and soaring oil prices encourage consumers to tighten their purse strings and cut spending.

Another factor that has a great impact on consumption is the unemployment rate.

Affected by the economic crisis, the unemployment rate in the United States remains high. Since the US economy began to decline in December 2007, it has reduced 8 million 200 thousand jobs.

The unemployment rate has reached its highest level in nearly 10 years.

However, as the global economy is getting warmer, there are also encouraging changes in the US job market.

Since March 2009, the monthly unemployment rate has been reduced to varying degrees. The domestic employment market in the United States has been further improved, and people who find jobs have gradually removed their concerns.

These consumer representatives now have more than 90% of the workforce in the unemployment force. Once they are no longer worried about unemployment, they will be willing to increase their consumption expenditure.

According to statistics from the US Department of Commerce, total consumption and clothing consumption increased in 7 months in the past 8 months.

The increase in consumer spending, coupled with the regulation of risk management strategies, has significantly reduced commodity inventories over the past 18 months, and helped to restore productivity worldwide, with factory orders in the United States increasing.