Development and Reform Commission: The growth rate of the textile industry will further slow down in the second half of the year

The Development and Reform Commission released a report yesterday that the current indicators of production, investment, and exports of the textile industry have slowed down compared with the beginning of the year. Looking ahead, although the domestic demand market is still expected to continue to achieve stable growth, it is expected that the growth rate of the main economic indicators of the textile industry will further slow down in the second half of the year.

According to the data, from January to May, textile industry enterprises above designated size achieved total industrial output value of 1.99 trillion yuan, an increase of 30.15% year-on-year. The growth rate of output value showed a declining trend month by month. From January to May, it decreased by 1.8, 1.45, and 0.4 percentage points from January to February, January to March, and January to April.

The report pointed out that, on the whole, textile companies currently face the "three shortages and one high" dilemma consisting of "labor shortage", "famine", "electricity shortage" and high costs. Due to large fluctuations in raw material prices, rapid increase in labor costs, continuous appreciation of ***, slow growth in market demand, coupled with tightening factors, power shortages and Other factors, small-scale micro-textile and garment companies have been subjected to greater impact and continued to increase pressure to better The situation facing the industry is rather grim.