Economic Operation Of China'S Garment Industry From January To May 2020

From January to may 2020, the economic operation of China's clothing industry will be released. This briefing is for the industry department of China clothing association. Based on the relevant data of the National Bureau of statistics and China Customs, the brief data and operation trend related to the clothing industry are extracted. It is original for China clothing association. Please reprint and indicate the source.

In May, the domestic market gradually recovered, online sales continued to improve, and domestic clothing sales improved significantly; however, the overseas epidemic situation was difficult to effectively control in a short time, the world economy and trade was seriously shrinking, and the decline trend of clothing export was further expanded. In this case, the production, investment and efficiency of China's clothing industry have recovered compared with the previous period, but they still show a sharp downward trend. The strength of the recovery of clothing production is weakened, the investment willingness and development confidence are insufficient, and the industry benefits are obviously deteriorated. The overall situation is still grim and complex.

Production:

According to the data of the National Bureau of statistics, from January to may 2020, enterprises above Designated Size in the garment industry have achieved a cumulative output of 7.317 billion pieces, a year-on-year decrease of 17.91%, an increase of 6.55 percentage points compared with January April.

for the domestic market:

According to the data of the National Bureau of statistics, from January to may 2020, China's total retail sales of consumer goods reached 13873 billion yuan, a year-on-year decrease of 13.5%, 2.7 percentage points lower than that of January April. Among them, the total retail sales of clothing goods of units above the quota reached 288.7 billion yuan, a year-on-year decrease of 25.6%, and the decline rate was 5.7 percentage points lower than that of January April.

According to the data of the National Bureau of statistics, from January to may 2020, the online retail sales of physical goods reached 3373.9 billion yuan, a year-on-year increase of 11.5%, and the growth rate was 2.9 percentage points faster than that from January to April; among them, the online retail sales of wearing goods decreased by 6.8% year-on-year, and the decline rate was 5.2% narrower than that from January to April.

exit:

According to the data of China Customs, from January to may 2020, China's total exports of clothing and accessories reached US $40.263 billion, a year-on-year decrease of 22.68%, an increase of 0.69 percentage points compared with January April.

investment:

According to the data of the National Bureau of statistics, from January to May of 2020, the actual completed investment of China's clothing industry decreased by 39.2% year-on-year, 2.5 percentage points narrower than that from January to April.

Benefits:

According to the data of the National Bureau of statistics, from January to may 2020, there were 13119 Enterprises above Designated Size (annual main business income of 20 million yuan and above) in the clothing industry, with a cumulative operating income of 464.705 billion yuan, a year-on-year decrease of 16.89%, and a decrease of 1.58 percentage points compared with January April; the total profit was 18.047 billion yuan, a year-on-year decrease of 29.16%, and a decrease of 5.61 percentage points compared with January April; The profit margin of operating revenue was only 3.88%, down 0.67 percentage points over the same period of last year.