Prosperity Index Of Textile And Clothing Market Dropped Significantly In July

The prosperity monitoring results of China Textile Federation Circulation Branch show that in July 2024, the prosperity index of managers of the national textile and clothing professional market will be 49.95, down 4.67 percentage points from the previous month; The business climate index of professional market was 49.73, down 0.64 percentage points from the previous month.

　　 1、 The boom of managers has declined significantly, and the boom of merchants has fluctuated slightly

Data shows that in July, the prosperity index of managers of the national textile and clothing professional market declined, and the prosperity index of merchants fluctuated slightly, both of which were lower than 50.

　　 1. Managers' prosperity index dropped by 4.67%

Table 1 List of Manager Index

From the perspective of managers' prosperity index, in the total index, managers' prosperity index in July was 49.95, down 4.67 percentage points from the previous month; The business environment index was 52.58, down 0.65 percentage points from the previous month.

Among the sub indexes, the total business volume index was 49.35, down 6.46 percentage points from the previous month; The logistics delivery index was 49.35, down 6.46 percentage points from the previous month; The passenger flow index was 49.35, 4.84 percentage points lower than that of the previous month; The door opening rate index was 49.68, down 3.87 percentage points from the previous month; The rental index was 50.65, down 1.61 percentage points from the previous month; The e-commerce sales index was 51.29, down 4.84 percentage points from the previous month.

　　 2. Business climate index dropped by 0.64 percentage points

Table 2 List of Merchant Indexes

From the perspective of business climate index, in the total index, the business climate index in July was 49.73, down 0.64 percentage points from the previous month; The business environment index was 54.40, up 1.31 percentage points from the previous month.

Among the sub indexes, the sales volume index was 49.80, down 2.19 percentage points from the previous month; The average price index was 49.33, down 0.82 percentage points from the previous month; The profitability index was 49.33, down 0.82 percentage points from the previous month; The comprehensive cost index was 49.33, up 0.80 percentage points from the previous month; The inventory index was 48.53, down 1.98 percentage points from the previous month; The e-commerce sales index was 52.07, up 1.19 percentage points from the previous month.

　　 2、 Data analysis

　　 1. Significant decline in market operating performance

In July, only 16.13% of the total market operation and logistics shipments showed an increasing trend, which was significantly lower than that of the previous month, down 41.93 percentage points; July is the standard off-season of the professional market. Summer clothes have basically entered the end stage. Autumn clothes have not been updated in a large number. The market opening rate and passenger flow have been affected to some extent, so the overall business performance has declined significantly.

Figure 1 Total business volume index

Figure 2 Logistics Delivery Index

　　 2. The market operation is relatively low

In July, the market entered the slack season, and the market opening rate, passenger flow and rent all showed a downward trend. The opening rate of professional markets increased by 9.68%, down 29.03 percentage points from the previous month; The professional market rent increased by 6.45%, down 19.36 percentage points from the previous month; 16.13% of professional market traffic increased, 32.26 percentage points lower than the previous month; Compared with June, the market opening rate, rent level and passenger flow in July showed a downward trend, and the market operation was relatively sluggish.

Figure 3 Door opening rate index

Figure 4 Passenger Flow Index

Figure 5 Rent Index

　　 3. Business performance of merchants shows a downward trend

In July, 11.33% of the total sales of merchants in the market increased, 25.43 percentage points lower than the previous month; 10.67% of market merchants increased their profits, down 17.27 percentage points from the previous month; The sales price of 9.33% of the market merchants increased, 14.20 percentage points lower than that of the previous month. The sales volume, profit and selling price of merchants declined, and the overall business performance of merchants declined.

Figure 6 Sales Index

Figure 7 Profitability Index

Figure 8 Average selling price index

　　 4. Merchant cost decreases and inventory pressure increases slightly

In July, 12.00% of the market merchants' comprehensive costs increased, 15.21 percentage points lower than the previous month; 4.00% of the market merchants' inventory decreased, 23.21 percentage points lower than that of the previous month. The comprehensive cost index rose to 49.33, indicating that the merchant's cost pressure eased to a certain extent in July, and the inventory index fell below 50, indicating that the merchant's inventory pressure increased.

Figure 9 Comprehensive Cost Index

Figure 10 Inventory Index

　　 5. E-commerce sales fluctuated slightly

In July, 19.35% of professional market e-commerce sales increased, 41.94% lower than the previous month; The e-commerce sales of merchants in all markets increased or remained the same as that in the previous month, and the overall e-commerce fluctuated slightly. The e-commerce index of professional markets decreased by 4.84, while the e-commerce index of merchants increased by 1.19, both of which remained above 50.

Figure 11 Manager E-commerce Sales Index

Figure 12 E-commerce sales index of merchants

　　 3、 Prediction index

The data shows that in terms of managers, the boom index of managers in the next period is 52.26, down 0.97 percentage points from the previous month; The business environment index for the next period was 52.26, down 0.97 percentage points from the previous month. In terms of merchants, the business climate index of the next period is 53.73, up 0.35 percentage points from the previous month; The business environment index for the next period was 54.00, up 0.54 percentage points from the previous month. The four prediction indexes are all higher than 50, which shows that professional market managers and merchants are more confident about the operation in August.

　　 enclosure:

　　 1. Monitoring methods

"Prosperity index of textile and clothing professional market" consists of "manager index" and "merchant index". Using the sampling method, select markets and merchants of different business categories such as clothing, fabrics, home textiles and small commodities nationwide, and fill in the managers' prosperity index questionnaire and merchants' prosperity index questionnaire respectively.

　　 2. Monitoring samples

The managers' prosperity sample consists of 31 professional textile and clothing markets, including Guangzhou Baima Clothing Market, Shandong Jimo Clothing Market, Jiangsu Dieshiqiao Home Textile Market, Shanghai Xinqipu Clothing Market, and Liaoning Xiliu Clothing Market. The business prosperity sample consists of 147 businesses such as Taotao Clothing, Suntory Textile, Weibang Home Textile, and Vitoli Cashmere.

　　 3. Monitoring period

The boom monitoring cycle shall be monthly, submitted at the end of each month, and released at the beginning of the next month.

　　 4. Index composition

In the "Prosperity Index of Textile and Garment Professional Market", the "manager index" consists of four first level indexes, namely, the current manager prosperity index, the next manager prosperity index, the current business environment index, and the next business environment index; The "current manager prosperity index" consists of six secondary indexes, namely, total business volume index, logistics delivery volume index, passenger flow index, door opening rate index, rent index and e-commerce sales index.

The "merchant index" consists of four primary indexes, namely, the merchant prosperity index of the current period, the merchant prosperity index of the next period, the business environment index of the current period, and the business environment index of the next period; The "merchant boom index of the current period" consists of six secondary indexes, namely sales index, average selling price index, profitability index, comprehensive cost index, inventory index and e-commerce sales index.

　　 5. Exponential analysis

The positive index includes managers' total business volume index, logistics delivery volume index, passenger flow index, merchant opening rate index, rent index, e-commerce sales proportion index and merchant sales index, average selling price index, profitability index, e-commerce sales proportion index. If the positive index exceeds 50, it indicates that the business situation is optimistic, and the greater the value, the more optimistic it will be; The positive index is lower than 50, indicating that the business situation is not optimistic; The smaller the number, the more pessimistic.

The reverse index includes merchant cost index and inventory index. When the cost index exceeds 50, it indicates that the merchant's cost pressure decreases. The larger the value, the smaller the cost pressure; The cost index is lower than 50, indicating that the merchant's cost pressure increases. The smaller the value, the greater the cost pressure. When the inventory index exceeds 50, it indicates that the merchant's inventory pressure decreases. The larger the value, the smaller the inventory pressure; The inventory index is lower than 50, indicating that the merchant's inventory pressure increases. The smaller the value, the greater the inventory pressure.

(Source: China Textile Federation Circulation Branch)