Textile Industry Boom Index To Pick Up Direction

Whether at the macro level of the country or the sales data of the Textile City, the market situation has obviously improved in March. Why?

Can the improvement be sustainable?

In the first quarter of this year, the turnover of Keqiao China Light Textile City reached 26 billion yuan, an increase of 11.8% over the same period last year.

Among them, the data in March were very bright, with a turnover of 10 billion 900 million yuan, an increase of 25.5% over the same period last year, and a significant increase of 41%.

Feng Hualin, director of Construction Management Committee of China Textile City: from the situation of textile index released by us, the prosperity index has reflected this trend since the first quarter, and the trend has always been upward.

It should be said that from textile trade, especially exports, from the second half of last year to February of this year, it has been in a relatively low state, or even a negative growth.

What are the potential reasons for the improvement in March?

Insiders said that, on the one hand, the negative factors of trade friction were gradually weakening, and on the other hand, it was also a very important reason. In fact, it was a factor of time difference, because the Spring Festival time was earlier than that of last year, so there was an early reflection of the turnover volume, and in March there was a concentrated expression, so the turnover in March showed a very obvious uplift.

In fact, at the macro level, the data of textile exports in March also changed significantly. According to the latest data released by the General Administration of customs, the export volume of textiles in China in March was 9 billion 520 million US dollars, up 35.5% from the same period last year, while the year-on-year growth in the whole quarter was only 4%.

That is to say, the market performance in March also showed a marked improvement compared with the first two months.

The traditional peak season of the textile industry is usually in 3, 4 and May. Many businessmen said that the short-term performance may still have some good performances. But in the long term market, we are not optimistic about the background and the environment under the background of the textile industry pferring overseas.