Textile Industry: Consumption To Boost Domestic Demand Growth Is Expected To Improve

Despite the year-round clothing category

The growth rate will still be lower than the previous year's level, but the increasing trend of the current growth rate will gradually enhance the pulling effect of the whole textile industry.

The Textile Industry Federation has recently announced the economic performance of the textile industry. The textile industry will also benefit from the series of policies to expand domestic demand, which is expected to be a favorable situation since the beginning of this year.

since this year on

Production growth continued to slow down.

According to the recent data of the National Bureau of statistics, the total output value of textile enterprises above Designated Size reached 37 thousand yuan in 1-7 months, and the growth rate dropped by 18.8 percentage points over the same period last year in 37 thousand.

The final consumer market data show that in 1-7 months, the retail sales of clothing shoes and hats and needle textiles were lower than the 7.2 percentage points of the same period last year, and the domestic sales value of textile enterprises above designated size was 2 trillion and 577 billion 30 million yuan, down 20.3 percentage points from the same period last year, down 3.8 percentage points compared with the first quarter of this year.

This downturn is expected to improve in the three or four quarter of this year.

Sun Huaibin, deputy director general of the China Federation of textile industry and director of the information center, said: "in the first half of the year, the per capita disposable income of urban residents and the per capita cash income of rural residents increased by 9.7% and 12.4% respectively, which provided the fundamental driving force for the growth of domestic demand. Insisting on expanding domestic demand is still an important starting point for macroeconomic regulation and control policies.

Recently, domestic monetary policy has been relaxed, and prices have steadily declined. With the further effect, it will play a positive role in promoting domestic consumption growth, and the textile industry will benefit from it. "

However, unfavorable factors still exist.

The reduction of foreign demand leads to insufficient order in export enterprises, which is an important factor affecting the operation of the textile industry.

According to relevant statistics, in the first half of 2012, the total amount of textiles and clothing imported from the EU decreased by 6.9% compared with the same period last year.

The total volume is close to zero growth, while Japanese textile and clothing imports increased by only 2.2% over the same period last year, down 10.8 percentage points from the same period last year.

Affected by the continued deterioration of the European debt crisis, textile industry exports still lack the market power to stabilize and improve.

Cotton prices, which have been so high, still make the cotton textile industry depressed.

Domestic cotton prices have always been higher than the international market, and the spreads have been widening. As of mid August, domestic cotton prices have risen by more than 5000 yuan over the international market, and the spreads have increased by 67% compared with the beginning of the year.

According to the market demand and supply situation, it is hard to predict the difference between domestic and foreign cotton prices in the near future, and the new cotton temporary purchase and storage policy is about to start.

Sun Huaibin pointed out that in recent years, the pressure factors that have been affecting the development of the industry still exist.

The cost of production and other production factors of textile enterprises continued to increase. According to the survey, the per capita wages in the textile industry increased by about 15% over the first half of the year. Statistics show that domestic fuel power prices increased by 3% over the same period in 1-7.

The problem of financing difficult to raise funds has not yet been completely solved, and the cost of financing remains high. In the first half of this year, interest payments for Enterprises above designated size increased by 29.5% over the same period last year, which is 19.8 percentage points higher than that of the main business revenue growth over the same period.

"Generally speaking, the current economic operation of the industry is still facing many risks. Further deepening industrial restructuring, accelerating pformation of development mode, and resolving various external risks from the root cause are still fundamental tasks facing the whole industry."

Sun Huaibin said.