NDRC: The Growth Rate Of Textile Industry Will Further Slow Down In The Second Half Of The Year.

2011/7/13 11:04:00 37

The NDRC issued a report that the current

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Industrial production, investment, exports and other major indicators have slowed down compared with the beginning of the year.

Looking ahead, although the domestic demand market is still expected to continue to achieve steady growth, it is expected that the growth of the main economic indicators of the textile industry will further slow down in the second half of this year.

Data show that 1~5 months, the textile industry above scale enterprises to achieve industrial output value of 1 trillion and 990 billion yuan, an increase of 30.15% over the same period.

Output growth showed a decreasing trend from month to month, while 1~5 months decreased by 1.8, 1.45 and 0.4 percentage points over 1~2 months, 1~3 months and 1~4 months respectively.

The report points out that in general, the textile enterprises are facing "

Labor shortage

","

financing

Shortage, electricity shortage and high cost constitute the "three shortage and one high" dilemma.

Due to large fluctuations in raw material prices, rapid increase in labor costs, continued appreciation of the renminbi, slow growth in market demand, coupled with tight money and tight electricity, small micro textile and garment enterprises have been hit harder, and the pressure on continuous improvement is increasing, and the situation facing the industry is grim.