Weekly Textile And Apparel Industry: The Growth Rate Of Clothing And Cosmetics In May Has Been Improved.

　　 Spin The apparel industry lost 2.19pct. This week, the Shanghai Composite Index fell 2.45%, the SW textile and garment industry fell 4.63%, and the SW textile and garment industry lost 2.19ct. Among them, SW textile manufacturing fell 4.34%, SW apparel home textile fell 4.83%.

In May 2019, the overall growth rate of clothing and cosmetics increased.

(1) single month: the total amount of social zero in May 2019 was 3 trillion and 300 billion yuan, an increase of 8.6% over the same period last year. The growth rate increased by 0.1pct compared with the same period last year, and the growth rate increased by 1.4pct. The retail sales of clothing, shoes and hats and knitwear / cosmetics amounted to 1044\/234 billion yuan, respectively, up by 4.1%\/16 over the same period last year, 7%, and the growth rate respectively changed by -2.5pct\/+6.4pct compared with the same period last year, and the growth rate was +5.2pct\/+10pct respectively. This month, the growth rate of zero and sub sectors rose, which is expected to increase by one day and may all be in May.

(2) from the beginning of the year to the present: the total volume of zero sum increased by 8.1% over the 1-5 months of 2019, and the retail sales of clothing, shoes and hats and knitwear / cosmetics increased by 2.6%\/11.3% compared to the same period last year.

In May 2019, the growth rate of 50 key large scale retail enterprises in China improved year-on-year. According to the data of the China National Business Information Center, the retail sales of 50 key large retail enterprises in May 2019 increased by 3.6% compared to the same period last year, and the growth rate increased by 7pct compared with the same period last year. Among them, clothing category / cosmetics retail sales grew by 2.7%\/15% respectively, the growth rate increased by 10.6pct\/6.9pct compared to the same period last year.

Recommended targets: three main lines of clothing home textiles recommendation:

(1) "high performance price ratio + low line upgrade" of the public. brand Recommends the red bean stock and the PLA Lai ya;

(2) "demand stability + multi brand operation" medium and high-end brands: recommend song and An Zheng. fashion ;

(3) subdivision plate brand of "high landscape and superior pattern": recommend Semir clothing and Shanghai Jahwa, and recommend Anta sports. Textile manufacturing recommends Baron East and Jen Sheng group.

Risk warning: terminal consumer demand is weak; exchange rate volatility risks; cotton prices fall or fluctuate significantly.