The economic operation of China's clothing industry continued to recover steadily

In May, driven by the recovery of international market demand and the continuous improvement of domestic market, the economic operation of China's clothing industry continued to recover steadily, showing the characteristics of steady growth of export and domestic sales, continuous recovery of production investment and gradual improvement of efficiency. However, the current development environment at home and abroad is complex and changeable, especially the rising cost of raw materials, labor, freight and other factors, which increases the pressure on enterprises' operation. In addition, the global economic recovery is divided, the progress of vaccination in various countries is different, and the import pressure and local epidemic situation lead to the severe situation of domestic epidemic prevention and control, The sustained recovery of China's garment industry is still facing greater pressure and uncertain factors.
Production:
According to the data of the National Bureau of statistics, from January to may 2021, the industrial added value of Enterprises above Designated Size in the clothing industry increased by 11.7% year-on-year, and the growth rate rose by 24.5 percentage points over the same period of last year; The garment output of Enterprises above Designated Size reached 9.075 billion pieces, a year-on-year increase of 20.89%, and the growth rate was 38.8 percentage points higher than that of the same period of last year.
for the domestic market:
According to the data of the National Bureau of statistics, from January to may 2021, China's total retail sales of consumer goods reached 17431.9 billion yuan, a year-on-year growth of 25.7%, and an average growth of 4.3% in two years. Among them, the retail sales of clothing commodities of units above Designated Size totaled 405.8 billion yuan, with a year-on-year growth of 43.2% and an average growth of 3.2% in two years.
According to the data of the National Bureau of statistics, from January to may 2021, the online retail sales of physical goods reached 3937.7 billion yuan, with a year-on-year growth of 19.9% and an average growth of 15.6% in two years. Among them, the online retail sales of clothing products increased by 28.2% year on year, with an average growth of 9.3% in two years.
exit:
According to China's customs data, from January to may 2021, China's exports of clothing and clothing accessories totaled US $56.612 billion, a year-on-year increase of 48.3%, and an average increase of 7.0% in two years.
investment:
According to the data of the National Bureau of statistics, from January to may 2021, the actual completed investment in China's clothing industry increased by 8.3% year-on-year, and the growth rate rose by 47.5 percentage points over the same period of last year, still lower than the overall level of 8.8 and 12.1 percentage points of the textile industry and manufacturing industry.
Benefits:
According to the data of the National Bureau of statistics, from January to may 2021, there were 12451 Enterprises above Designated Size (annual main business income of 20 million yuan and above) in the clothing industry, with an operating income of 525.065 billion yuan, a year-on-year increase of 13.29%, and a growth rate of 30.18 percentage points over the same period of last year; The total profit was 23.456 billion yuan, a year-on-year increase of 27.87%, and the growth rate was 57.04 percentage points higher than that of the same period last year; The profit margin of operating revenue was 4.47%, 0.51 percentage point higher than that of the same period last year.
Note: the two-year average growth rate is based on the first quarter of 2019 and calculated by geometric average method（ Data sources: National Bureau of statistics, China Customs)