National Bureau Of Statistics: Economic Operation Data Of China'S Clothing Industry From January To February

In January and February, as the effects of macro portfolio policies continued to appear, the economic operation of China's clothing industry continued to pick up, and major indicators such as production, investment and efficiency achieved positive changes from decline to increase. Domestic sales, driven by the accelerated development of new e-commerce models such as centralized consumption during the Spring Festival holiday and live streaming with goods and instant retail, had significantly increased market vitality, The export growth was significantly accelerated due to factors such as the recovery of international market demand, the gradual release of retailers' demand for replenishment, and the low base in the same period last year. At the same time, we should also see that the current geopolitical conflict intensifies, international shipping is blocked and other unstable factors have an impact on the global economic recovery, which will also have a negative impact on China's clothing exports. Superimposed by the lack of effective demand in the domestic market, the high operating costs of enterprises and other problems continue to exist, the industry economy still faces greater pressure and challenges to maintain a restorative growth.

production

According to the data of the National Bureau of Statistics, from January to February 2024, the industrial added value of enterprises above designated size in China's clothing industry increased by 2.8% year on year, 10.4 percentage points higher than that in 2023; The clothing output of enterprises above designated size reached 3.845 billion pieces, down 0.28% year on year, 8.41 percentage points less than that of 2023.

for the domestic market

According to the data of the National Bureau of Statistics, from January to February 2024, the total retail sales of consumer goods in China will be 8130.69 billion yuan, an increase of 5.5% year on year, 1.7 percentage points slower than that in 2023. Among them, the retail sales of clothing commodities above the designated size totaled 188.73 billion yuan, up 1.6% year on year, 13.8 percentage points slower than that in 2023.

According to the data of the National Bureau of Statistics, from January to February 2024, the online retail sales of physical goods reached 182065 billion yuan, up 14.4% year on year. Among them, the online retail sales of clothing products increased by 17.8% year on year, 7 percentage points faster than that in 2023.

exit

According to Chinese customs data, from January to February 2024, China's clothing and clothing accessories exports totaled US $23.38 billion, up 13.1% year on year, an increase of 20.9 percentage points over 2023.

investment

According to the data of the National Bureau of Statistics, from January to February 2024, the actual completed investment in China's clothing industry increased by 16.6% year on year, 18.8 percentage points higher than that in 2023.

　　 benefit

According to the data of the National Bureau of Statistics, from January to February 2024, there will be 13620 enterprises above the designated size (annual main business income of 20 million yuan and above) in the clothing industry in China, achieving an operating income of 176.18 billion yuan, an increase of 7.83% year on year, 12.39 percentage points higher than that in 2023; The total profit was 7.89 billion yuan, a year-on-year increase of 31.06%, 37.4 percentage points higher than that of 2023; The operating income profit margin was 4.48%, 0.79 percentage points higher than the same period of the previous year, still lower than 0.59 percentage points in 2023.

Data source: National Bureau of Statistics, China Customs