How About The Retail Of Textile And Garment Industry Under The Epidemic Situation? In 1-5, The Sales Volume Of The National Textile And Garment Industry Decreased By 23.5% Compared To The Same Period Last Year.

China business intelligence network: at the end of 2019, the new coronavirus infection cases began to appear in Wuhan, and gradually spread to all parts of the country, which posed a great threat to the health and safety of the people, and also caused different degrees of influence on all walks of life. The epidemic directly affects the catering and retail consumption during the Spring Festival holiday, and the performance of the required channels is relatively good. It is affected by the new crown pneumonia epidemic. During the period of 2020, the operation of the stores under shopping centers, shopping centers and franchised stores is not good, while providing the necessities, the supermarket channels and the online channels that can be distributed at home are the first choice for consumers to make daily purchases during the epidemic period. Nationwide demand for basic commodities such as rice, grain and oil has increased sharply. So what is the impact of the epidemic on the garment industry?

According to the latest statistics of the National Bureau of statistics, in May 2020, the total retail sales of social consumer goods totaled 31973 billion yuan, down 2.8% from the same period last year (after deducting the price factor, the actual decline was 3.7%, the following is nominal growth except for special instructions), the decline narrowed by 4.7 percentage points from last month. In 1-5, retail sales of consumer goods totaled 138730 billion yuan, down 13.5% from the nominal level. In terms of textile and apparel retailing, the total retail sales of textile and apparel reached 101 billion 800 million yuan in May 2020, down 0.6% compared with the same period last year. In January 1-5, the total retail sales of textile and clothing were 406 billion 700 million yuan, down 23.5% from the same period last year.

Total retail sales of textile and apparel in China in 2019-2020 years and year-on-year growth rate

Source: National Bureau of statistics, China Industrial Research Institute

From the perspective of textile and apparel retail sales growth, the total volume of textile and apparel retail sales in 2020 dropped by 23.5% over the same period in 1-5.

Growth of China's textile and apparel retail sales and total retail sales of consumer goods in 2019-2020 years