New Textile Industry Development Index Released In Zibo, Shandong

Shandong textile industry development index released in the three quarter of Zibo

Recently, the central branch of the people's Bank of China, Zibo City Central Branch and Zibo City

The three quarter "Zibo textile industry development index" was jointly released by the financial services center. The industry indexes were all higher than the 50% demarcation line, and the overall development of the enterprises improved.

According to monitoring, Zibo's textile industry development index in the three quarter was 50.27%, up 1.24 percentage points from the two quarter level (49.03%).

Among them, Zibo textile enterprises operating index is 66.67%, profit index is 56.26%, capital prosperity index rose 4.91 percentage points to 51.05%, all above the 50% boundary line.

Under the current situation of downward pressure on the overall economic situation and the further shrinking of market demand (45.84%), the textile industry's production and business strategy of reducing production and efficiency and actively pforming and upgrading has led to the overall development of the industry.

The textile industry is

The leading industry, in order to further implement the general requirements of "a positioning and three efforts" in Zibo, implement the spirit of promoting pformation and upgrading, and build a strong industrial city, and strengthen cooperation and win-win cooperation between financial institutions and textile enterprises, the Zibo municipal sub branch of the people's Bank of China, jointly signed the business cooperation agreement with the Zibo Textile Industry Association, formulated the textile enterprise monitoring system, and established the textile industry.

And established the first financial service center of the textile industry in the province.

Using diffusion index analysis method, they processed data on 20 judgements. First, we calculated the 4 sub index of industry operation, market demand, cost-effectiveness and capital status, and then used the weighted method to get the textile industry development index.

The industry development index is similar to the PMI index, with a value ranging from 0 to 100%.

When the industry development index is below 50%, it indicates that the development of the industry is in a contraction or downward channel. When the industry development index is above 50%, it indicates that the industry is expanding or ascending.

The textile industry development index of Zibo has effectively compensated for the lack of quantitative data collected by the existing industry monitoring system, and fully considered the qualitative content of the sample to the enterprise's production and operation expectation and industry development trend judgment, so as to provide a strong support for accurately understanding the operation of the enterprise entity and judging the economic trend.

The release of Zibo textile industry development index also provided data support for the city textile enterprises to accurately judge the industry situation and timely adjust production and operation strategies.