Home / Knowledge / News / Textiles / Economic index reflects improvement in textile sector
Economic index reflects improvement in textile sector
May '09
Recently released economic data shows that China's economy has improved significantly and orders for equipment manufacturing and other industries have also picked up. Sources point out that China's Purchasing Managers Index, which reflects economic trends, stood at 53 percent in April.

The equipment manufacturing, textile and other industries, which had witnessed a great reduction of international orders last year, have begun to see restored orders to varying degrees in the last two months and performance of some enterprises is even better than in the previous years.

China's textile industry is one of the sectors that has received the most serious impact from the international financial crisis. From the second half of last year to January this year, the textile industry has stood last among all sectors, among the Purchasing Managers' Index.

But, the textile index began to rise February onwards, and shot into the top eight sectors in April. The index for textile sector rose all the way from 28.1 percent to 54.4 percent in April. Many textile enterprises in Jiangsu province have shown very clear signs of recovery; January-April output has achieved an increase of 5.8 percent.

Sources also point out that the majority of high-quality and large-scale enterprises concentrated in Shanghai and Shenzhen totaling to nearly 1,624 listed companies have disclosed their quarterly reports, out of which, all except one, realized good profits adding up to 203.76 billion Yuan in the first quarter.

Despite a year-on-year decline, their net profits increased approximately 4 fold, compared to the fourth quarter of 2008. Four sectors like daily necessities are still below the recovery mark in the index, but 11 industries like chemical and electric power industries are already on the road to recovery.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 27th Oct 2016

Teijin Frontier develops Solotex RC lightweight fibre

Teijin Frontier Co. Ltd, fibre products converting company and part...

Tosha Hays addressing the conference. Courtesy: College of Family and Consumer Sciences, UGA

Textiles | On 27th Oct 2016

Industry experts discuss future of fabrics at UGA

Industry experts, researchers and military officials discussed the...

Courtesy: Global Denim Awards

Fashion | On 27th Oct 2016

Anbasja Blanken & Italian mill ITV Denim win GDA

Dutch designer Anbasja Blanken and Italian mill ITV Denim was the...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Rahuul Jashnani

‘Online economy has changed the whole dynamics of buying habits.’

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search