The Demand For Apparel Industry Is Lower Than Expected, And The Boom Has Declined.

< p > from the main indicators of production and operation, the main business revenue and total tax revenue growth have declined; total profits and total investment in fixed assets have increased steadily; the price rise has continued to slow down; production and exports have increased by less than /p from the same period last year.

< p > < strong > boom degree declined < /strong > < /p >

In the first quarter of the year P, the prosperity index of the clothing industry in China was 97 (=100 in 2003), down 0.4 points from the fourth quarter of last year.

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< p > in the composition, the 6 indexes of the clothing industry's prosperity index (excluding seasonal factors and reservations of stochastic factors 2), compared with the fourth quarter of last year, both the main business revenue and the total tax revenue growth have dropped; the total profit, the total investment in fixed assets and the number of employees have maintained a steady growth; the export volume has increased and decreased.

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< p > after further eliminating the random factors, the prosperity index of the apparel industry is 95.9 (see the blue curve in the business chart), which is 0.6 points lower than that of the fourth quarter of last year, which is lower than the 1.1 index that did not exclude the random factors (see the red curve in the business trend chart). The difference between the two is 0.2 points larger than that of the fourth quarter of last year, and has expanded for 3 consecutive quarters, indicating that the endogenous driving force of the garment industry itself is still insufficient.

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< p > < strong > warning index down > /strong > /p >

In the first quarter of the year P, the warning index of the apparel industry was 73.3, down 10 points from the fourth quarter of last year, and dropped from the normal "green light" threshold to the "cool blue light" area.

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< p > < strong > production year-on-year from increase to decline < /strong > < /p >

< p > after a preliminary seasonal adjustment, garment production in the first quarter was 6 billion 900 million, down 3.8% from the same period last year, while the fourth quarter of last year increased by 1.8% over the same period last year.

The year-on-year decline in garment production was mainly affected by the weakening of domestic and foreign demand.

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< p > < strong > sales growth slowed down < /strong > < /p >

< p > after initial seasonal adjustment, the main business income of garment industry in the first quarter was 476 billion 700 million yuan, an increase of 10.1% over the same period last year, and the growth rate dropped 1.3 percentage points over the fourth quarter of last year.

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< p > according to the data provided by China Electronic Commerce Center, the total size of clothing online shopping will reach 429 billion yuan in 2013. The proportion of net clothing sales to total clothing sales has increased from 1.8% in 2008 to 20.4% in 2012.

Driven by favorable policies, it is expected that the electricity market and online shopping market will continue to maintain a relatively high growth trend.

In the first quarter, the decline in the boom of the garment industry is related to the decline in production, the slowdown in sales growth and the narrowing of the price increase. It should be noted that the production and sales situation here is based on the data of garment enterprises above designated size. However, the production and sales of most of the apparel sold in the network are from the garment enterprises below the scale. Taking into account this situation, the overall prosperity of the garment industry has been slightly underestimated.

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< p > < strong > exports increased from year to year down to < /strong > /p >

< p > after a preliminary seasonal adjustment, garment exports in the first quarter amounted to US $43 billion 300 million, down 5.2% from the same period last year, compared with 8.8% year-on-year in the fourth quarter of last year.

According to the statistics of the General Administration of customs, the total export clothing and clothing accessories in China from 2014 to February amounted to US $24 billion 700 million, down 5.2% from the same period last year.

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< p > < strong > price rise continued to slow down < /strong > < /p >

< p > in the first quarter, the producer price of garment industry increased by 0.4% compared with the same period last year, or 0.5 percentage points lower than that of the fourth quarter of last year.

Since the fourth quarter of 2011, the price of clothing has been slowing down for 11 consecutive quarters.

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< p > < strong > > a href= < http://www.91se91.com/news/index_c.asp > inventory < /a > pressure has increased, < /strong > /p >

< p > after initial seasonal adjustment, the apparel industry finished product fund was 81 billion 300 million yuan at the end of the first quarter, an increase of 9.7% over the same period last year, 3 percentage points faster than the fourth quarter of last year.

In the 3 quarter of this quarter, the growth rate of finished product capital in garment industry has increased after a continuous decline in the quarter, while sales revenue growth has slowed down, causing the pressure of clothing enterprises to increase inventories.

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< p > profit steady growth < /p >

< p > after a preliminary seasonal adjustment, the apparel industry realized a total profit of 24 billion 700 million yuan in the first quarter, an increase of 10.6% over the same period last year, and the growth rate dropped 0.8 percentage points over the fourth quarter of last year.

It is estimated that the sales profit margin of the garment industry is 5.2% this quarter, unchanged from the same period last year, 1.2 percentage points lower than the fourth quarter of last year.

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< p > > a href= "http://www.91se91.com/news/index_c.asp" > garment industry < /a > deficit was 19.6%, 0.5 percentage points lower than the same period last year, and the total deficit of loss making enterprises was 3 billion 180 million yuan, up 8.7% over the same period last year.

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< p > < strong > accounts receivable growth accelerated < /strong > < /p >

< p > after initial seasonal adjustment, as of the end of the first quarter, the garment industry accounts receivable was 137 billion 900 million yuan, an increase of 7.4% over the same period last year, 1.1 percentage points faster than the fourth quarter of last year.

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< p > < strong > stable growth of investment < /strong > < /p >

< p > after a preliminary seasonal adjustment, the fixed asset investment in the apparel industry in the first quarter was 38 billion 600 million yuan, up 17.6% over the same period last year, and the growth rate was unchanged from the fourth quarter of last year.

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< p > < strong > > a href= "http://www.91se91.com/news/index_c.asp" > employment demand < /a > basically stable > /strong > /p >

< p > after initial seasonal adjustment, the number of garment industry employees was 3 million 160 thousand at the end of the first quarter, an increase of 0.4% over the same period last year. The growth rate was basically the same as that of the fourth quarter of last year, and the demand for employment remained stable.

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