China Cotton Textile Industry Association: The main economic indicators of the industry improved significantly from January to April
The China cotton textile Industry Association released a monthly analysis report on China’s cotton textile industry on the 23rd: “key enterprises” and “key clusters” tracked by the China Cotton Textile Industry Association “Data shows that in April 2023, macro policies were coordinated and the economic operation continued to recover. From January to April, the main economic indicators of the cotton textile industry were higher than Significant improvement occurred from January to March.
First, the revenue decline narrowed. From January to April, the operating income of “key enterprises” decreased by 1.73% year-on-year, and the decline rate was 3.67 percentage points narrower than that from January to March; the operating costs of “key enterprises” turned from negative to positive year-on-year, increasing by 2.41%. From January to April, the operating income of “key clusters” fell by 1.1% year-on-year, and operating costs fell by 0.5% year-on-year.
Secondly, exports are gradually improving. From January to April, the export delivery value of “key enterprises” fell by 12.92% year-on-year, and the decline narrowed by 2.03 percentage points from January to March. From January to April, the export delivery value of “key clusters” increased by 9.5% year-on-year, which was related to the low level last year.
In addition, the profit decline narrowed. From January to April, the industrial added value of “key enterprises” fell by 7.69% year-on-year, and the rate of decline narrowed by 6.05 percentage points from January to March. From January to April, the total profits of “key enterprises” fell by 10.31% year-on-year, and the decline rate was 14.93 percentage points narrower than that from January to March; the profit margin fell by 0.33% year-on-year, and the decline rate was narrowed by 0.38 percentage points from January to March. From January to April, the industrial added value of “key clusters” increased by 4.0% year-on-year, and total profits fell by 50.3% year-on-year.
The China Cotton Textile Industry Association said that overall, in April, China’s economy continued to recover, positive factors accumulated and the economic indicators of the cotton textile industry gradually improved. However, we must also note that the international environment is still complex and severe, demand is still insufficient, and domestic consumption capacity and consumer confidence still need to be improved. In the next stage, as relevant consumption-promoting policies are implemented and take effect, residents’ willingness to consume gradually increases, and China’s cotton textile market is expected to continue to recover. (End)
AAAretytuoiuo3453345klj,hfg
Disclaimer:
Disclaimer: Some of the texts, pictures, audios, and videos of some articles published on this site are from the Internet and do not represent the views of this site. The copyrights belong to the original authors. If you find that the information reproduced on this website infringes upon your rights and interests, please contact us and we will change or delete it as soon as possible.
AA
