Data From The National Bureau Of Statistics: Analysis On The Economic Operation Of China'S Clothing Industry In The First Seven Months

In July, affected by extreme weather and falling export unit price, the decline in domestic and export sales of clothing in China deepened. However, supported by the positive factors such as the summer economy, increased demand for sportswear, and growth in export volume, major indicators such as industry production, investment, and efficiency recovered steadily. In the next stage, with the stimulation and release of consumer demand such as the seasonal change of autumn and winter clothing and the "Double 11", domestic sales are expected to gradually stabilize, but at the same time, it should be noted that the domestic market demand is still insufficient, the growth of foreign demand is not stable, the geopolitical situation, trade frictions, exchange rate fluctuations and other unstable and uncertain factors are increasing, and the downward pressure on exports is prominent, The stable recovery of the industry economy still faces multiple risks and challenges.

　　 production

According to the data of the National Bureau of Statistics, from January to July 2024, the industrial added value of enterprises above designated size in China's clothing industry will be the same as that of the same period last year, with the growth rate rising 0.6 percentage points from January to June; The clothing output of enterprises above designated size reached 11.644 billion, up 4.49% year on year, 0.07 percentage points faster than that from January to June.

　　 for the domestic market

According to the data of the National Bureau of Statistics, from January to July 2024, China's total retail sales of consumer goods reached 27372.59 billion yuan, up 3.5% year on year, 0.2 percentage points slower than that from January to June. Among them, the retail sales of clothing commodities of units above the designated size totaled 581.88 billion yuan, up 0.1% year on year, 0.7 percentage points slower than that from January to June. Among them, the retail sales of clothing commodities of units above the designated size in July fell 5.6% year on year, 3.4 percentage points more than that in June.

According to the data of the National Bureau of Statistics, from January to July 2024, the online retail sales of physical goods reached 7009.3 billion yuan, up 8.7% year on year. Among them, online retail sales of clothing products increased by 6.3% year on year, 0.7 percentage points slower than that from January to June.

　
　　 exit

According to the data of China Customs Express, from January to July 2024, China's clothing and clothing accessories exports totaled US $88.98 billion, a year-on-year decrease of 0.8%, and the growth rate dropped 0.8 percentage points from January to June. In July, clothing exports amounted to US $15.25 billion, down 3.6% year on year, 3 percentage points more than that in June.

　　 investment

According to the data of the National Bureau of Statistics, from January to July 2024, the actual investment in China's clothing industry increased by 14.5% year on year, 0.5 percentage points faster than that from January to July 2024.

　 benefit

According to the data of the National Bureau of Statistics, from January to July 2024, there will be 13641 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 674.357 billion yuan, an increase of 1.29% year on year, 0.27 percentage points faster than that from January to June; The total profit was 29.061 billion yuan, down 0.08% year on year, 1.73 percentage points lower than that from January to June; The operating income profit margin was 4.31%, 0.07 percentage points higher than that from January to June.

Data source: National Bureau of Statistics, China Customs