2020 1~4 Month Garment Industry Economic Performance: The Decline Is Narrowing Obviously

Epidemics are still spreading abroad.

The decline in clothing exports continued to expand and the domestic market slowly recovered.

In April, with the continuous improvement of domestic epidemic prevention and control, the resumption of work resumed production and resumed market and solid progress, and the market activity increased. The main indicators of the apparel industry's economic operation continued to improve since March, and the decline was narrowed significantly. However, due to the spreading and spreading of overseas epidemic, the decline of garment export continues to expand, and the domestic market is slowly warming up, resulting in a sharp decline in production, investment and efficiency, and the industry situation is extremely grim.

Production:

According to the National Bureau of statistics, in 2020 1~4, garment enterprises above Designated Size completed 6 billion 432 million garment production, down 11.36% compared to the same period last year, and the decline was narrowed by 8.93 percentage points over 1~3 months.

Domestic sales:

According to the National Bureau of statistics, in 2020 1~4, online retail sales of physical commodities increased by 25751 billion yuan, up 8.6% over the same period last year, and the growth rate was 2.7 percentage points faster than that in 1~3 months. Among them, online retail sales of wearing goods decreased by 12% compared with the same period last year, a decrease of 3.1 percentage points over that of 1~3 months.

Export:

According to China Customs data, in 2020 1~4, China's clothing and accessories exports totaled 30 billion 971 million US dollars, down 21.99% compared to the same period last year, a drop of 1.81 percentage points lower than that in 1-3 months.

Investment:

According to the National Bureau of statistics, in 2020 1~4, the actual investment in garment industry dropped by 41.7% compared to the same period last year, a drop of 4.1 percentage points narrower than that in 1-3 months.

A kind of Benefits:

According to the data of the National Bureau of statistics, in 2020 1~4, 13115 enterprises in the garment industry (above 20 million yuan and above) had accumulated operating income of 362 billion 302 million yuan, down 18.47% compared with the same period last year, a decrease of 4.99 percentage points over that of 1~3 months, and a total profit of 12 billion 985 million yuan, a decrease of 34.77% compared with the same period last year, a decrease of 8.73 percentage points over that of 1~3 months, and a profit margin of business income only. 3.58%, a decrease of 0.90 percentage points over the same period last year.

( Source: National Bureau of statistics, China Customs