Clothing Industry: Continuous Profit Growth

The prosperity index of garment industry was released in October 28th in the three quarter of 2014, which was compiled by the economic prosperity index research center of the economic daily and the China Economic Prosperity Monitoring Center of the National Bureau of statistics.

index display In the three quarter of 2014, the prosperity index of the clothing industry in China was 97.2, which was basically flat with the previous quarter, and the trend remained stable. The apparel industry early warning index was 80, unchanged from the previous quarter. It continued to operate in the "cool blue light" area which was cold, and it was close to the "green light zone" lower limit for 2 consecutive quarters.

In the three quarter, the total export volume, total profit and total tax volume of garment industry increased, and the growth of main business income, total investment in fixed assets and number of employees decreased. After preliminary seasonal adjustment, the apparel industry realized a total profit of 27 billion 390 million yuan in the three quarter, an increase of 18.8% over the same period last year, a 5.9 percentage point increase over the previous quarter, and an upward trend in the 2 quarter. As one of the traditional manufacturing industries, the garment industry has been losing its profits. Now it is actively transforming and upgrading and gradually getting rid of the price competition pattern.

　 Vietnam 1~9 textile and clothing exports increased by 19%

Yue Tong Daily News Dao Cheng In the 1~9 months of this year, Vietnam's textile and clothing exports were nearly US $18 billion, an increase of 19% over the same period last year, and imports of textile raw materials and accessories amounted to US $11 billion.

According to the general manager of Vietnam textile and Garment Group, Vietnam's textile and clothing exports will reach 24 billion 500 million ~250 billion this year, an increase of 15%~16% compared with the previous year, which is 500 million ~10 billion dollars higher than the original target. Vietnam's textile and clothing exports to the traditional market increased significantly, of which exports to the United States increased by 15% over the same period last year, an increase of 19% for the EU, 14% for Japan and 32% for Korea. In terms of textile raw materials, Vietnam imports 550 thousand tons of cotton. Imported The amount is US $1 billion 100 million, of which US $500 million has been imported from the United States and $300 million has been imported from India. The export volume of the Vietnam textile and Garment Group was 2 billion 360 million US dollars, up 19% from the same period.