The industry continues its upward trend, with yarn and clothing production declining year-on-year. From January to May, the industrial added value of textile enterprises above designated size increased by 4.8% year-on-year, with operating revenue of 190.13 billion yuan, a year-on-year increase of 6.4%; The total profit was 56.5 billion yuan, a year-on-year increase of 27.3%. The production of yarn and clothing by enterprises above designated size decreased by 1.3% and 3.2% year-on-year, respectively, while the production of fabric and synthetic fibers increased by 2.5% and 2.7% year-on-year, respectively.
Market demand is steadily increasing, while retail consumption continues to grow. From January to May, the total retail sales of consumer goods by units above designated size in China reached 7385.8 billion yuan, a year-on-year increase of 4.0%. Among them, the retail sales of clothing, shoes, hats, and needle textiles by units above designated size increased by 2.0% year-on-year, and the online retail sales of physical goods and clothing products increased by 9.0% year-on-year.
The international market is basically stable, and the foreign trade situation has improved to some extent. From January to May, China's textile and clothing exports totaled 115.8 billion US dollars, a year-on-year increase of 1.4%. In May, textile and clothing exports to the world reached $26.1 billion, a year-on-year increase of 4.7%.
(Data source: General Administration of Customs, National Bureau of Statistics)
