China's Textile And Garment Industry Maintained A Relatively Rapid Expansion In August.

Recently, China's Manufacturing Purchasing Managers Index (PMI) released by the National Bureau of statistics in August was 49.5%, down from 0.2 percentage points last month.

The main characteristics of this month are: first, the continued expansion of production and the overall pressure of market demand. The production index is 51.9%, although it has dropped 0.2 percentage points, but it is still higher than the average 0.4 percentage points in the year. Of the 21 industries surveyed, 17 sectors were located in the expansion area, and 11 sectors rose. Recently, the economic environment at home and abroad is complicated and uncertain, and the new order index is 49.7%, slightly lower than that of last month's 0.1 percentage points. However, the new export orders index is 47.2%, and the annulus ratio has picked up 0.3 percentage points. Two, the development of key industries is stable and the industrial structure continues to upgrade. The PMI of high-tech manufacturing and consumer goods industries was 51.2% and 50.9%, respectively, which were higher than the total 1.7 and 1.4 percentage points of manufacturing industry respectively. Among them, textile, clothing, apparel and other manufacturing industries maintained a relatively rapid expansion. The three is the expansion of large enterprises and the recovery of small businesses. The PMI of large enterprises is 50.4%, which is higher than the critical point for two consecutive months. It is an important support for the stable development of manufacturing industry. Four, the price of industrial production has dropped. The main raw material purchase price index and ex factory price index were 48.6% and 46.7%, respectively, with a decrease of 2.1 and 0.2 percentage points. Among them, chemical fiber, textile and other manufacturing related price index dropped more obvious.