American Apparel And Leather Products Are Shrinking.
The report released by the US Supply Management Association showed that the US manufacturing expansion rate continued to decline to a new low in February.
The report showed that in February, the US Manufacturing Purchasing Managers Index fell to 52.9 in the past 53.5 months, the lowest since January 2014.
The manufacturing purchasing managers' index is a barometer of the comprehensive development of the manufacturing industry in the United States. The index is at the critical point of 50, which is higher than 50, indicating that the manufacturing industry is expanding, and the below 50 indicates that the manufacturing industry is in a state of atrophy.
Same month,
manufacturing industry
The new orders index fell from 52.9 in the previous month to 52.5, the production index fell to 53.7 in the previous month, and the employment index dropped to 51.4 in the previous month's 54.1 in 54.1.
According to the industry, 12 industries in the 18 surveyed industries have expanded.
Spin
,
clothing
It has shrunk in three industries, leather products, computers and electronics.
The docks in the western United States are slowing down due to labour disputes.
Most respondents expressed concern that this would continue to affect import and export activities and increase the cost of businesses.
The first amendment data released by the US Department of Commerce showed that the real gross domestic product (GDP) of the US in the fourth quarter of 2014 increased by 2.2% at an annual rate, less than 2.6% of the previous estimate, and the growth rate of 5% in the three quarter slowed down significantly.
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Although last year's export performance was not good enough, it did not discourage export enterprises' confidence.
Like last year, the companies carefully arranged their respective booths, erected signs in Japanese or English, and exhibited new products this year.
Although Meng Zhuo's company did not recruit sales staff as usual this year, the existing team ran more diligently.
"I used to go to Japan 3 times a year, but I need to go there this year."
Meng Zhuo said that in order to improve the quality and quantity of orders, what they can do is to take part in exhibitions, run more markets and do more marketing, and strive to improve the quality of products to reduce losses caused by human beings and improve the added value of products with customers.
In Meng Zhuo's view, the reduction in exports is not a bad thing.
Because the troubled pformation and upgrading had to be done before.
For example, producing high quality clothing products with brand and more functions.
The director of Yuantong textile said that the company "just had enough food last year and is afraid of having enough to eat this year".
Therefore, as a basic fabric exporter with a net profit of only 3% to 5%, they can not change the overall economic environment and the exchange rate risk of RMB. They can only increase production efficiency as much as possible and enhance follow-up services for more orders.
The annual output value of flying textile is about 35 million US dollars (about 217 million yuan), mainly exported to South America, Europe and the Middle East.
Li Chunwei said that they are working hard to open up new markets. Due to the positive effects of the FTA, enterprises have already had contact with Korean customers.
In addition, they will try their best to produce more high-end products to increase export profits.
For the future, exporters hope that the renminbi will depreciate in due course, and expect China to reach a FTA agreement with more countries in order to obtain favorable tariffs.
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