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Textile and apparel: the growth rate of fixed asset investment in the chemical fiber industry turns positive

Source: Time:2019-05-08 10:54:34 views:

The growth rate of fixed asset investment in the chemical fiber industry turned positive from January to April, and the total fixed asset investment in the textile and apparel industry was 81.146 billion yuan, a cumulative year-on-year increase of 19.08%.

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The growth rate of fixed asset investment in the chemical fiber industry turned positive from January to April, and the total fixed asset investment in the textile and apparel industry was 81.146 billion yuan, a cumulative year-on-year increase of 19.08%. In a single month, investment in the textile industry in April increased by 15.18% year-on-year; investment in the clothing industry increased by 23.22% year-on-year; investment in the chemical fiber industry turned positive this month, with a year-on-year increase of 42.55%. The export of textile and clothing increased by 26.1% and 9.5% respectively from January to April. From January to April, my country's textile and clothing industry achieved a cumulative export value of 53.787 billion US dollars, a cumulative year-on-year increase of 15.54%. In terms of industries, textile exports in the first four months were 21.596 billion U.S. dollars, a year-on-year increase of 26.1%. The monthly growth rate in April was 24.81% year-on-year and a month-on-month increase of 26.6%; clothing exports from January to April were 32.192 billion U.S. dollars. A year-on-year increase of 9.5%, a year-on-year increase of 10.62% in April, a 36.93% rebound from the previous month.
The retail sales of apparel in the first April increased by 26.37% year-on-year. From January to April, the retail sales of apparel above the designated size totaled 135.52 billion yuan, a year-on-year increase of 26.37%. The monthly retail sales in April increased by 20.84% year-on-year, down 5.31% from the previous month. . The clothing retail sales of 100 key large-scale retail enterprises across the country reached 7.059 billion yuan in April, an increase of 23.6% year-on-year and a slight decrease of 3.76% from the previous month.

Domestic cotton prices continued to rise, chemical fiber prices fell, international cotton prices CotlookA fell 1.71% in May; the price of national cotton 328 maintained its upward trend, rising 2.94% this month. The price of polyester staple fiber fell by 5.65% in May and closed at 10,020 yuan/ton at the end of the month; the price of viscose staple fiber fell from 19,830 yuan/ton to 19,400 yuan/ton, a decline of 2.17%.

Investment advice: Textile and apparel exports are facing a severe situation in the second half of the year. Employment data in the main export market, the United States, is relatively poor, economic recovery is slow, and the European market is experiencing continuous sovereign debt crises, and market demand is difficult to grow. In addition, the increase in raw material costs and labor costs are squeezing the gross profit of export enterprises. Coupled with the pressure of RMB appreciation, the textile and apparel industry: the focus of investment will return to the brand retail industry. Exports are difficult to perform. Maintain the “neutral” rating of the entire industry 

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