Apparel Terminal Retail Is Expected To Further Improve

According to the statistics of the National Bureau of statistics, in June 2016, the total retail sales of social consumer goods totaled 26857 billion yuan, up by 10.6% compared with nominal growth (the actual growth of 10.3% was deducted from the price factors, the following is nominal growth except for special descriptions).

Among them, the retail sales of consumer goods above the quota reached 13006 billion yuan, an increase of 8.1%.

It is expected that in the second half of this year, with the increase of holidays, the promotion of shopping malls, the increase of consumer confidence and the continuous adjustment of the industrial structure, the retail of garment terminal will be further improved.

In retail sales, in June, China's units above Designated Size

The retail sales of needle textiles reached 116 billion 200 million yuan, an increase of 7.5% over the same period last year.

Among them, 1-6 months, China's clothing shoes and hats,

Retail sales reached 681 billion 600 million yuan, an increase of 7% over the same period last year.

According to statistics from the China National Business Information Center, the retail sales of clothing in 50 major large-scale retail enterprises in June increased by 4.8% over the same period last year, which is much warmer than that in May.

Li Jie, an analyst at Everbright Securities, said that in the second half of the year, with the increase of holidays, the promotion of shopping malls, the rise of consumer confidence and the continuous adjustment of the industrial structure, the clothing industry will continue to adjust.

It is expected to further improve.

However, Li Chao, a researcher at Huatai Securities, believes that the GDP growth rate in the second quarter of 2016 was 6.7%, unchanged from the first quarter. It is expected that the pressure will still be greater in the second half of the year, and domestic demand will not be enough to stimulate consumption, and the growth of total retail sales of consumer goods will be affected.

Due to the weather of El Nino, severe flooding in the South has caused a certain degree of disturbance to CPI, but the overall impact is not great. It is expected that prices will drop slightly in 7-8 months, which is not conducive to the promotion of nominal growth of total retail sales of consumer goods.

At the same time, the high base number problem in 2015 will also lower the year-on-year growth of total retail sales of consumer goods. It is estimated that the total retail sales of consumer goods will continue to decline in the second half of 2016. In July 2016, the total retail sales of social consumer goods increased by 10.2% year-on-year, down 0.4 percentage points from June.