Report said that the cost and sales pressure of textile and apparel declined. From January to November 2006, the cost of textile product sales rose 21.5 percent in comparison to the same time of the previous year. Product marketing expenses grew by 17.8 percent, representing a decline of 4.8 percent and 4.6 percent, respectively. In addition, the financial costs and management costs were better control.
However, the report pointed out that the lower market demand led to a slowdown in the output growth of the textile and garment products. From January to November 2006, national clothing output registered 15.285 billion pieces, a year-on-year increase of 12.2 percent, down 5.6 percent from the same period of the previous year. From industrial sales value, textile industrial sales value reached 1.350651 trillion yuan in January to November 2006, a year-on-year increase of 21.9 percent, down four points from the growth rate of the previous year.
Fibre2fashion, News Desk - China
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