Statistics Bureau: Textile Industry Growth Rate Is Lower Than Other Manufacturing Industries.

Data released by the National Bureau of statistics of China textile daily show that in April, CPI rose 2.8% and PPI rose 6.8%.

Above scale industrial added value increased by 17.8% compared with the same period last year, the growth rate dropped 0.3 percentage points from March. The cumulative industrial added value in 1~4 months increased by 19.1% over the same period last year, and the growth rate dropped 0.5 percentage points over the first quarter.

From the perspective of sub sectors, the 39 industries all maintained year-on-year growth.

Among them, the textile industry grew by 11.2%, the chemical raw materials and chemical products manufacturing industry increased by 17.9%, the non-metallic mineral products industry increased by 20.4%, the general equipment manufacturing industry increased by 23.3%, the pportation equipment manufacturing industry increased by 23.2%, the electrical machinery and equipment manufacturing industry increased by 18.2%, the communications equipment, computers and other electronic equipment manufacturing industry increased by 18.2%, the electricity and thermal production and supply industry increased 14.8%, and the ferrous metal smelting and calendering processing industry increased by 19.7%.

In April, the ex factory prices of manufactured goods rose by 6.8% over the same period last year, or 0.9 percentage points higher than that of last month. In 1~4 months, the ex factory prices of manufactured goods increased by 5.6% over the same period last year, an increase of 0.4 percentage points over the first quarter.

In April, producer prices rose by 8.5% year-on-year, of which 30.9% in the extractive industry, 13.6% in the raw materials industry, 3.3% in the processing industry, and 1.4% in the price of living goods, up 2.6% in the food category, 1.6% in clothing, 1.4% in general consumer goods, and 0.6% in durable consumer goods.

In summary, textile industry growth is lower than that of other manufacturing industries. Although the price of manufactured goods rose by 6.8% over the same period last year, the clothing category increased by only 1.6%, while the raw material industry rose by 13.6%, and the cost pressure of the enterprises increased.

From the perspective of industry exports, the total export volume of textiles and clothing in April was 14 billion 547 million US dollars, up 16.44% over the same period last year.

Among them, textile exports increased by 24.81% compared to the same period last year, and clothing exports increased by 10.62% over the same period last year.

In 1~4 months, textile and garment exports increased by 15.54%, while textile and clothing exports increased by 26.02% and 9.44% respectively.

Expert analysis, export data show that the industry boom is rising, but the recovery process is still slow.

The sharp rebound in export data is also due to the promotion of low base number. It is expected that the growth rate of textile exports will slow down in the second half of this year.

It is gratifying to note that retail sales of textiles and clothing in the domestic market have returned to the same level in the same period of 2007. The consumption potential of the two or three tier cities is greater than that of the first tier cities, and the domestic demand market is growing strongly.

It is noteworthy that in April, the unemployment rate in the United States did not maintain the stable level of 9.7% in the first three months, and stood on 9.9% of the warning line. The unemployment rate in the EU and Japan in March also showed an upward trend compared with February, indicating that the unemployment problem in developed countries is still serious and the road to recovery is long, and the external demand market downturn will continue.

In addition, although the renminbi has withstood many external pressures in the first 4 months, it has basically maintained stability.

However, this year's appreciation of the renminbi will be an indisputable fact. The question is only when and how much it will rise. Once the appreciation rate exceeds 3% or even 5%, it will undoubtedly cause greater pressure on the export of textile and garment industry.

The high cost of raw materials and labor has been the two major factor that has plagued the industry's profitability.

Therefore, the rising cost of the whole industry this year is a matter of fact. The key is to see how our enterprises use various means to control cost pressure to a minimum.