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    Domestic And Foreign Cotton Prices Are Stable And Strong, And The Global Economy Is Weak.

    2016/6/27 14:53:00 57

    CottonFabric MarketEconomic Situation

    In 2016, domestic cotton planting area decreased again. At present, cotton sales in 2015 are nearly completed, and reserve cotton has become the main channel for supply of cotton market.

    Recently, there has been no noticeable signs of improvement in economies such as the US and the euro zone, with insufficient economic data and weak growth.

    Figures from the US Department of Commerce show that cars, restaurants, and

    clothing

    In line with online sales, US retail sales rose by 0.5% in May, a strong second consecutive month. In April, US retail sales rose by 1.3%, the largest increase since March 2015.

    Consumption growth shows strong support for us economic growth.

    In May, the unemployment rate was 4.7% and 4.9%.

    But in May, the number of new non farm workers increased by 38 thousand, far less than expected.

      

    European Union

    Statistics show that industrial output in the euro area rose 1.10% in April, ending two consecutive losses.

    The CPI value of the euro zone decreased by 0.1% in May compared with the same period last year, indicating that the shadow of eurozone deflation is still in existence.

    Britain will launch a referendum on "off Europe" at the end of June.

    British economy

    The uncertainty will lead to sharp fluctuations in financial markets and damage economic growth.

    Japan's exports in May decreased by 11.3% compared with the same period last year, a drop larger than expected, declining for eighth consecutive months.

    Among them, the United States, the European Union and China fell by 10.7%, 4% and 14.9% respectively.

    According to the statistics released by the Statistics Bureau, the growth rate of China's production and consumption indicators changed little in May, but the investment growth rate was small, especially the growth rate of private investment was low, indicating that the economic growth momentum was weak.

    In May, the added value of above scale industries increased by 6% in real terms compared with April.

    The electricity consumption of the whole society increased by 2.1% over the same period last year, and the growth rate increased slightly compared with that of last year and April. In the 1-5 months, the total electricity consumption of the whole society increased by 2.7% over the same period last year, and the growth rate was 1.7 percentage points higher than that of the same period last year.

    The total retail sales of social consumer goods increased by 10% in nominal terms compared with nominal growth in real terms and 9.7% in real terms.

    In 1-5, investment in fixed assets increased by 9.6% over the same period last year, a new low since May 2000, down 0.9 percentage points from 1-4 months.

    In 1-5 months, the investment in fixed assets increased by 3.9% compared to the same period last month, a decrease of 1.3 percentage points compared with that in 1-4 months.



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