In the fourth quarter , the garment industry sentiment index was 97.4 , unchanged from the previous quarter ; in the garment industry after warning index was 83.3 , an increase of 3.3 points from the previous quarter , rising from colder “blue light zone” to normal ” green zone ” edges.
From the perspective of the main indicators of production and operation , compared with the previous quarter, the main business income , total profits and total taxes to accelerate growth in varying degrees ; fixed asset investment and export growth has declined ; slight increase in the number of practitioners
Economy remained stable
In the fourth quarter , the garment industry ① by climate index was 97.4 ( 2003 = 100 level of growth ) , unchanged from the previous quarter , the industry showed a steady run trend .
In the six indicators form the garment industry through climate index ( excluding seasonal factors only retain random factors ②) , compared with the previous quarter, the main business income , total profits and total taxes to accelerate growth in varying degrees ; fixed assets total investment and export growth has declined ; slight increase in the number of practitioners .
In further Excluding random factors, the garment industry through climate index was 96.2 ( see Chart boom in the blue curve ) , essentially flat with the previous quarter ( a slight decrease of 0.1 points ) , lower than the random factors are not excluded sentiment index ( see climate chart red curve ) 1.2 points, the difference between the previous quarter ( expanded 0.1 points ) , indicating that external factors , such as industrial development policy control to maintain an active role in upgrading .
Slightly improved early warning indicators
In the fourth quarter , the garment industry after warning index was 83.3 , an increase of 3.3 points from the previous quarter , rising from colder “blue light zone” to a critical limit normal ” green zone .” The main index rebounded early warning and improved accounts receivable and enhancing the growth of taxes .
Continuation of moderate growth in production
Preliminary seasonally adjusted , in the fourth quarter was 7.4 billion apparel production , an increase of 1.9% , 1.3 percentage points from the previous quarter , but still at a relatively low historical levels of growth .
Sales growth picked up
Preliminary seasonally adjusted fourth quarter, the apparel industry ‘s main business revenue of 448.4 billion yuan , an increase of 11.4 % from the previous quarter to speed up 3.9 percentage points. Garment industry ‘s main business revenue growth in the third quarter fell to historic lows , this quarter showed low upward trend. Sales growth accelerated mainly concerned with domestic demand to pick up , in fact , in the fourth quarter garment export growth slowed slightly .
Export growth slowed slightly
Preliminary seasonally adjusted , in the fourth quarter and apparel exports to $ 48 billion , an increase of 8.8% in the previous quarter, slowing 1.2 percentage points. According to Customs data , the first 11 months of 2013 , China’s total exports of textile yarn, fabrics and related products amount $ 97.2 billion , an increase of 11.5 %, total exports of apparel and clothing accessories, the amount of $ 160.8 billion , an increase of 12%.
Price inflation continued to slow down
In the fourth quarter , the apparel industry producer prices rose 0.9 percent from a year earlier , down 0.1 percentage point increase from the previous quarter , continuing the increase since the fourth quarter of 2011 continued to decline trend. Although the increase in the cost of labor and other various elements and upstream raw material prices, but because demand is still weak , the future of clothing prices will remain weak .
Relieve pressure on the stock
Preliminary seasonally adjusted , the end of the fourth quarter , finished garment industry was 75.3 billion yuan of funds , an increase of 6.0% , slowing 0.3 percentage points from the previous quarter , continuing the slowing trend eight quarters. Affected by many factors , clothing weaker demand , inventory pressure has been restricting the development of garment enterprises , destocking garment enterprises increasingly become a pressing problem . The apparel industry sales growth quarter lows , inventory pressures eased .
Profit growth has picked up
Preliminary seasonally adjusted , in the fourth quarter apparel industry realized a total profit of 27.9 billion yuan , an increase of 11.4 % from the previous quarter to speed up 7.2 percentage points. After calculation, the apparel industry sales margin for the quarter was 6.2% , up 1.4 percentage points from the previous quarter , nearly 6.5% of all industrial sales margins.
Clothing industry loss for the quarter was 14.6% , essentially flat with last year ; enterprises suffered losses amounting to 860 million yuan , an increase of 8.8%.
Accounts receivable growth slowdown
At the end of the fourth quarter , the apparel industry was 117.3 billion yuan accounts receivable , an increase of 6.3% , slowing 3.9 percentage points from the previous quarter , showing a continued slowdown in momentum. From the back section rate, the fourth quarter of the apparel industry trade receivables turnover days was 22.6 days , 1.8 days sequentially decrease , indicating that the efficiency of the apparel industry cash flow increased slightly , and with the entire industry trade receivables turnover days 31.7 days compared to the apparel industry is still advantage.
Investment growth has declined
Preliminary seasonally adjusted , in the fourth quarter apparel industry investment in fixed assets amounted to 100.5 billion yuan , an increase of 17.6% , down 7.6 percentage points from the previous quarter .
Basically stable employment
Preliminary seasonally adjusted number of employees as of the end of the fourth quarter, the apparel industry was 337 million , an increase of 0.5% in the previous quarter. Data show that in November , clothing sales talent demand increased significantly, up 12.3 % over last year .
Comment :
① Apparel Manufacturing national industry classification refers to the textile and garment industry , refers to as the main raw material of textile fabrics , after cutting sewing a variety of male and female clothing, and children’s clothing , including clothing made of non- production materials and fixed production sites clothing production .
② seasonal factor is the seasons change impact on the data. Random factors influencing factors refers to the implementation of the new policy , natural disasters of data.
★ warning light is the use of traffic lights figure a way to describe the state of the industry in which the development of some of the important indicators are divided : A red light indicates too fast ( overheating ) , yellow indicates relatively fast ( hot side ) , green indicates normal stable , blue light indicates Pianman ( colder ) , blue light indicates too slow ( too cold ) ; and single indicator lights give different scores , which will be consolidated summary of early warning indicators are also made by the five light district display , meaning above.
