China's main indicators of the textile industry posted stable growth in the first five months of the year, performing better than expected, official data showed on Monday.
The total value-added output of textile companies above designated size (those with an annual main business revenue of at least 20 million yuan, or about 2.8 million U.S. dollars) went up 3.4 percent year on year during the January-May period, according to the Ministry of Industry and Information Technology.
Textile companies generated over 1.88 trillion yuan in revenue during the period, representing a 1.7 percent year-on-year decrease.
These companies' output of yarn, fabric, chemical fiber and clothing increased by 4.9 percent, 0.2 percent, 5.5 percent and 0.3 percent, respectively.
Meanwhile, the combined sales of the sector's leading retailers totaled more than 8.07 trillion yuan, representing a 6.3 percent increase from the same period of 2024.
Among them, the retail sales of clothing, shoes, hats and needlework textile products of entities above the designated sizes (wholesale enterprises with annual main business revenue of 20 million yuan or more and retail enterprises with annual main business revenue of 5 million or more) increased by 3.3 percent year on year, while the online retail sales of clothing products grew by 1.2 percent year on year.
During the first five months, the country's textile and garment exports totaled 116.7 billion U.S. dollars, an increase of 1.0 percent year on year. Textile exports were 58.5 billion U.S. dollars, a year-on-year increase of 2.5 percent.
China's main indicators of textile industry log growth in first five months
China's main indicators of textile industry log growth in first five months
