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Chinese textile productions trends on upswing
07
Dec '09
Data from National Bureau of Statistics reveal that, National Manufacturing Purchasing Managers Index (PMI) stood at 55.2 percent in November 2009, unchanged from the previous month. The index has been hovering above the critical point of more than 50 percent for nine consecutive months, indicating that manufacturing economy, as a whole remains stable and in an upward trend.

Production index touched 59.4 percent, edged up by 0.1 percentage points from the previous month, continuing at or above the critical point, being the highest point since May 2008, indicating that manufacturing production continued to show a growing trend being driven by expansion in market demand.

From the view of industrial situation, growth in production of most manufacturing industries increased, among them, tobacco products, garment, shoes and hats manufacturing, fur feather products and textiles industries showed rapid growth in production.

New order index was 58.4 percent, down 0.1 percentage points from the previous month, being above the critical point for 11 consecutive months, indicating that number of new orders for manufacturing firms continues to rise.

From the situation of sub-sectors, textile industry, garment industry, shoes & hats manufacturing, fur feather products industries saw significantly increase of new orders. The survey shows that export order index was 53.6 percent, down 0.9 percentage points from the previous month, but still above the critical point.

Fibre2fashion News Desk

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