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Output increased as well as sales, prosperity index edge up.
2019-09-04

The prosperity index of August 2019 closed at 1241.95 points, 1.11% higher than that of last period, and 2.30% up from the beginning of this year decreased by 2.71% YOY.

 
A. Textile market circulation increased and the circulation prosperity index edged up.
August, market circulation prosperity index closed at 1184.28 points, increased by 0.34%MOM. China Textile City was in a prosperous period in August and circulation increased.
1. Circulation benefit index increased. In August, circulation benefit index closed at 1111.64 points, increased by 1.13% MOM. Sales of common fabric China Textile City increased, which pulled up the circulation benefit index.
2. Capital turnover speed increased. In August, capital turnover speed index closed at 1127.50 points, increased by 0.59% MOM. Turnover of creative products increased, domestic & foreign trade orders price of creative products increased as well, which pulled up the capital turnover speed index.
3. Market demand outlook index increased. In August, market demand outlook index closed at 1101.07 points, increased by 1.50% MOM. Turnover of common products increased due to the increasing demands of downstream. Orders delivery of new-style and creative fabrics went up.  Domestic trade orders increased, which pulled up the market demand outlook index.
4. Circulation confidence index increased. August, market circulation confidence index closed at 981.88 points, decreased by 0.03%MOM.
    The discrimination index for market demands increased. In August, the discrimination index for market demands closed at 953.91 points, increased by 0.17% MOM. Orders transactions of general fabric the domestic market increased the traditional market, which pulled up the discrimination index for market circulation.② the discrimination index for market outlook increased. In August, the discrimination for market outlook closed at 1008.87 points, increased by 0.29% MOM. 
 
B. Fabric orders rebounded, production prosperity index edged up.
In August, enterprise production prosperity index closed at 1267.31 points, increased by 0.33% MOM.
1. Creative products increased as well as the production scale index. In August, enterprise production scale index closed at 1341.47 points, increased by 8.99%. Orders of general fabric increased turnovers of apparel fabric bedding all increased different degree
2. Output of general products rebounded sales revenue index edged up. August, enterprise sales revenue index closed at 1418.44 points, increased by 1.78% MOM. Enterprise domestic orders & foreign trade orders rebounded. Output textile garment enterprises rebounded due to the low domestic demand, so the sales revenue rose.
3. Enterprise confidence index decreased. Production confidence index closed at 844.74 points, decreased by 1.70% MOM. The discrimination for market outlook closed at 860.72 points, decreased by 1.91% MOM. Domestic orders of new style products increased as well as transactions of home textiles apparel accessories, so the discrimination index for market demand increased.
 
C. Forecast of prosperity index next period.
In September, 2019, the overall sales China Textile City will be expected to increase. Due to lack on domestic demands and the trade war, the supply chain is weak. The offseason arrived earlier than before. Sales of summer fabric increased and orders of autumn fabrics are not enough. It is expected that creative products will increase and the overall sales in the textile city will show an upward trend.
 
 
Issuing Unit: the Ministry of Commerce of the People's Republic of China
Construction Unit: China Textile City Construction Management Committee
"China • Keqiao Textile Index" Construction Office
Chinese Website: http://www.kqindex.gov.cn/
English Website: http://en.kqindex.gov.cn/
Tel: 0575-84125158 Contact People: Wei Yinan
Fax: 0575-84785651
 
 

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