According to the report on the prosperity of China's cotton textile industry in March 2023 released by the China Cotton Association on the 24th, the production and sales of cotton textile enterprises are stable, and the industry continues to be at the level of prosperity.
In March, under the continuous effectiveness of various policies to stabilize growth, market demand gradually picked up, the production and sales of cotton textile enterprises remained stable, the domestic sales market recovered rapidly, and business operations improved compared with the previous period. However, the international environment is still complicated and severe, and there are uncertainties in the foreign trade market.
China's cotton textile prosperity index was 50.81 that month, down 2.36 from February, higher than the critical point, and the industry's prosperity level maintained an expansion trend. From the sub-indices, among the seven sub-indices that constitute China's cotton textile prosperity index, the raw material procurement index, production index, product sales index, and business operation index are all higher than the line of prosperity and decline, raw material inventory index, product inventory index, and business confidence index Below the boom-bust line.
Among them, the raw material purchase index in March was 51.63, down 2.25 from February, and continued to be higher than the critical point; the raw material inventory index was 49.71, down 1.42 from February, and lower than the critical point.
According to the analysis, as the market demand gradually recovers, the production of enterprises will accelerate and the consumption of raw materials will increase. At the same time, due to the uncertainty of the market outlook, the raw material inventory of enterprises remained at a low level, so the raw material inventory index declined.
In March, the production index was 51.52, down 2.63 from February, continuing to be higher than the critical point, and in the expansion range. Cotton textile enterprises started operations well that month, and most enterprises opened at full capacity. Overall, the production of the industry basically remained stable.
In March, the product sales index was 50.94, a decrease of 2.56 from February, and continued to be higher than the critical point; the product inventory index was 49.8, a decrease of 1.52 from February, which was lower than the critical point, indicating that the product inventory of enterprises increased slightly.
During the same period, the business operation index was 51.37, a decrease of 2.71 from February, which was higher than the critical point and continued to be in the expansion range. The production and sales progress of the enterprise is stable, and the operating efficiency is generally good. The business confidence index was 48.68, down 2.62 from February, below the critical point. At present, the risks in the global financial market are rising, the international trade environment is complex and changeable, and there are great uncertainties in the foreign trade market.
The prosperity index of China's cotton textile industry is collected from nearly 500 cotton textile enterprises across the country. When the index is higher than 50, it means that the prosperity of the cotton textile industry this month is better than last month, and if it is lower than 50, it means that the prosperity of this month is not as good as above. moon.
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