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    The Prosperity Index Of The National Textile And Clothing Professional Market Fluctuated Slightly In October

    2024/11/7 14:43:00 0

    Prosperity Index

    The prosperity monitoring results of China Textile Federation Circulation Branch show that in October 2024, the prosperity index of managers of the national textile and clothing professional market will be 51.34, down 2.58 percentage points from the previous month; The business climate index of professional market was 52.16, up 1.4 percentage points from the previous month.


       1、 The prosperity of managers is declining and that of merchants is rising

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

       1. Managers' prosperity index dropped by 2.58 percentage points

    Table 1 List of Manager Index

    From the perspective of managers' prosperity index, in the total index, the managers' prosperity index in October was 51.34, down 2.58 percentage points from the previous month; The business environment index was 52.9, down 2.91 percentage points from the previous month.

    Among the sub indexes, the total business volume index was 51.94, down 1.93 percentage points from the previous month; The logistics delivery index was 52.26, down 1.61 percentage points from the previous month; The passenger flow index was 52.26, down 3.87 percentage points from the previous month; The door opening rate index was 50.65, down 4.19 percentage points from the previous month; The rental index was 50.32, down 0.97 percentage points from the previous month; The e-commerce sales index was 50.65, down 2.9 percentage points from the previous month.

       2. Business climate index rose by 1.4 percentage points

    Table 2 List of Merchant Indexes

    From the perspective of business climate index, in the total index, the business climate index in October was 52.16, 1.4 percentage points higher than that of the previous month; The business environment index was 52.8, up 3 percentage points from the previous month.

    Among the sub indexes, the sales volume index was 52.8, up 1.85 percentage points from the previous month; The average price index was 52.8, up 1.92 percentage points from the previous month; The profitability index was 52.73, up 1.78 percentage points from the previous month; The comprehensive cost index was 51.2, up 1.27 percentage points from the previous month; The inventory index was 51.53, up 0.24 percentage points from the previous month; The e-commerce sales index was 51.87, up 1.33 percentage points from the previous month.


       2、 Data analysis

       1. Market operating performance fluctuated slightly

    In October, 16.13% of the total market operation decreased, 16.13 percentage points higher than that of the previous month; 12.9% of the market logistics shipments decreased, 12.9 percentage points higher than the previous month. September is the traditional peak season of the professional market, when new products are launched in autumn and winter, and the market opening rate, passenger flow and other indicators have reached the mid year peak. Entering October, all indicators show a downward trend.

    Figure 1 Total business volume index

    Figure 2 Logistics Delivery Index

       2. Market operation pressure has increased

    In October, the opening rate of 12.9% of professional markets rose, 35.49 percentage points lower than that of the previous month; 6.45% of the professional market rent decreased, up 6.45 percentage points over the previous month; 35.48% of professional market traffic increased, 25.81 percentage points lower than that of the previous month; In October, the market opening rate, rent and passenger flow all decreased compared with the previous month, indicating that the operating pressure of the professional market has increased.

    Figure 3 Door opening rate index

    Figure 4 Passenger Flow Index

    Figure 5 Rent Index

       3. Business performance of merchants keeps improving

    In October, 33.33% of the total sales of merchants in the market increased, 12.92 percentage points higher than the previous month; 32.67% of the market merchants increased their profits, 12.26 percentage points higher than that of the previous month; 33.33% of the market merchants' sales prices increased, 13.6 percentage points higher than that of the previous month. The sales volume, profit and selling price of merchants continued the growth trend of the previous month, and the overall business performance continued to improve.

    Figure 6 Sales Index

    Figure 7 Profitability Index

    Figure 8 Average selling price index

       4. Continuous improvement of merchant cost and inventory pressure

    In October, 18.67% of the market merchants' comprehensive costs decreased, up 12.55 percentage points from the previous month; Inventory of 22% of professional market merchants decreased, up 9.07 percentage points over the previous month. The comprehensive cost index and inventory index rose slightly, and the cost and inventory of merchants continued to improve in October.

    Figure 9 Comprehensive Cost Index

    Figure 10 Inventory Index

       5. E-commerce sales fluctuated slightly

    In October, 12.9% of professional market e-commerce sales increased, 22.58 percentage points lower than the previous month; 18.67% of merchants' e-commerce sales increased, 7.11 percentage points higher than that of the previous month; Compared with September, the market e-commerce index decreased by 2.9 percentage points, and the merchant e-commerce index increased by 1.32 percentage points, 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, for managers, the boom index of managers in the next period is 52.26, down 3.55 percentage points from the previous month; The business environment index for the next period was 52.26, down 3.55 percentage points from the previous month. In terms of merchants, the business climate index of the next period is 53.07, up 3.41 percentage points over the previous month; The business environment index for the next period was 52.87, up 3.21 percentage points from the previous month. The four prediction indexes are all higher than 50, indicating that professional market managers and merchants are more confident about the operation in November.


    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)

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