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Chinese knitting sector realizes gain in output value

14
Aug '09
From January to May of 2009, industrial output value of China's knitting industry reached 129.20 billion Yuan, an increase of 7.65 percent year-on-year, but growth rate fell 7.47 percentage points year-on-year.

Output value of industrial sales scored 125.64 billion Yuan, an increase of 7.14 percent year-on-year, but growth rate fell 8.21 percent. Production and marketing rate was 97.24 percent, reflecting a good convergence of production and marketing.

From January to May of 2009, large scale knitting enterprises realized a margin rate of 2.86 percent, a slight drop of 0.30 percent; gross sales margin rate was 12.08 percent, up 0.62 percentage point's year-on-year.

Production growth of knitting industry has continued to decline since 2008 and it has dropped below double-digit growth starting from 2009.

Fibre2fashion News Desk - China


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