Clothing Industry Maintained A Relatively High Level Of Investment, Steady Rise In Business Climate Index.

Clothing industry maintained a high level of investment, and production increased from the same period last year.

In the three quarter of 2015, the prosperity index of China's clothing industry was 95.8, a slight drop of 0.1 points over the previous quarter.

The early-warning index of the apparel industry was 80, unchanged from the previous quarter, and continued to operate in the "blue light district".

In the three quarter, the boom of the apparel industry remained stable.

Judging from specific indicators,

Production declined from a downward trend, the export narrowed sharply narrowed, and prices rose moderately.

Prosperity index remains stable

In the three quarter, the prosperity index of the clothing industry in China was 95.8 (the growth level of =100 in 2003), which was basically flat 0.1 in the previous quarter.

Compared with the previous quarter, the 6 main indicators of clothing industry's prosperity index (excluding seasonal factors and reservations of stochastic factors) were slower than that of the previous quarter, and the total business revenue, total profit, total tax and total investment in fixed assets slowed down.

After further eliminating random factors, the Chinese Classics

The industrial prosperity index was 94.3 (see the blue curve in the trend chart), a decrease of 0.4 points from the previous quarter, which is lower than the 1.5 index of the prosperity index which did not exclude random factors (see the red curve in the business trend chart). The difference between the two points is 0.2 points larger than that of the previous quarter.

Early warning index was unchanged from last quarter.

In the three quarter, the warning index of the apparel industry was 80, unchanged from the previous quarter, and continuing to operate in the "light blue light" area.

In the formation, the 10 indicators of the clothing industry early-warning index (excluding seasonal factors and reservations of random factors) all remain unchanged compared with the previous quarter.

Production declined from year to year.

After preliminary seasonal adjustment, the three quarter garment output was 7 billion 530 million, an increase of 0.4% over the same period, compared with a decrease of 1.3% over the previous quarter.

Overall, since the three quarter of 2014, clothing output has shown a low growth or a slight decrease year-on-year, indicating that production is basically stable.

Sales growth continues to slow down

After preliminary seasonal adjustment, the main business income of the apparel industry in the three quarter was 557 billion 570 million yuan, up 5.3% over the same period last year, the growth rate dropped 0.7 percentage points from the previous quarter, and the growth slowed down for 7 consecutive quarters, indicating that the demand for clothing market is still in the doldrums.

Exports narrowed sharply

After preliminary seasonal adjustment, the export volume of clothing in the three quarter was 52 billion 690 million US dollars, down 7.9% from the same period last year, the decline narrowed by 12 percentage points over the previous quarter.

The narrowing of garment exports this quarter is mainly due to the rapid growth of exports to emerging markets such as the US and the Middle East, Latin America and Africa.

According to China

Import and Export Chamber of commerce data show that from 1 to August, China's clothing exports to 4 regions, including Africa, the Middle East, the United States and Latin America, increased by 20.7%, 10.2%, 8% and 6.7% respectively, while exports to the EU, ASEAN, Japan and Russia continued to decline.

Moderate price rise

In the three quarter, the producer price of garment industry increased by 0.7% compared with the same period last year. The increase was basically flat with the previous quarter, slightly expanding 0.1 percentage points, continuing the trend of mild rise.

Inventory growth is basically stable

After preliminary seasonal adjustment, as of the end of the three quarter, the apparel industry finished product capital was 98 billion 250 million yuan, an increase of 4.9% over the same period last year, and the growth rate increased 0.4 percentage points from the previous quarter.

Apparel industry inventory growth has been lower than the main business income for 3 consecutive quarters, to a certain extent, indicates that the pressure on enterprise inventory has eased.

Profit growth continued to decline

After preliminary seasonal adjustment, the apparel industry realized a total profit of 28 billion 640 million yuan in the three quarter, an increase of 3.9% over the same period last year. The growth rate dropped 2.4 percentage points from the previous quarter, and maintained a downward trend for the 4 consecutive quarter.

It is estimated that the sales profit margin of the garment industry is 5.1% this quarter, a slight 0.1 percentage point lower than that of the same period last year, and the average sales profit rate of the whole industry is basically flat, slightly lower by 0.1 percentage points.

The loss of garment industry in this quarter was 14.7%, 0.6 percentage points lower than the same period last year.

Accounts receivable growth continued to decline

According to preliminary seasonal adjustment, as of the end of the three quarter, the garment industry accounts receivable was 168 billion 270 million yuan, an increase of 4.8% over the same period last year, the growth rate dropped 0.6 percentage points from the previous quarter, and the two consecutive quarters of decline, indicating that the clothing industry fund situation improved.

Investment growth remains at a high level.

After initial seasonal adjustment, the total investment in fixed assets in the three quarter was 132 billion 250 million yuan, up 24.5% from the same period last year. Although the growth rate dropped 4.7 percentage points after 3 consecutive quarters of growth, it was still significantly higher than the growth rate of all industrial 7.6%.

The rapid growth of investment in garment industry is largely related to the trend of "machine replacing human".

Employment continued to decrease

After the initial seasonal adjustment, as of the end of the three quarter, the number of practitioners in the apparel industry was 3 million 240 thousand, down 2.3% from the same period last year. The decline was basically flat compared with the previous quarter.

Notes:

(1) garment manufacturing refers to the textile and garment manufacturing industry in the classification of the national economy.

Tailoring tailored tailoring for men's and women's garments and children's garments, including garments produced by non self produced materials and clothing production at fixed production sites.

(2) seasonal factors refer to the influence of seasons alternation on data.

Stochastic factors refer to the impact of new policy implementation, natural disasters and other factors on data.

The early warning lamp number diagram is the state of some important indicators that describe the development of the industry by means of traffic lights. The red light is too fast (overheating), the yellow light is fast (partial heat), the green light is normal and stable, the light blue light is slow (partial cold), the blue light is too slow (too cold), and the different index is given to the single indicator lamp, and the comprehensive warning index aggregated by it is also shown by the 5 lamp areas, meaning the same as above.