The prosperity index of China’s cotton textile industry came in at 50.5 in August, up 1.5 from July.

In August, the raw material purchasing index came in at 52.2, up 3.6 over July; the raw material inventory index came in at 49.6, up 0.8 month-on-month; the production index was 50.1, increasing 0.8 from the previous month; the product sales index came in at 51.1, up 1.6 from July; the product inventory index was 49.8, up 1.0 from July and the business index came in at 50.7, up 1.8 from the previous month.

The prosperity index of China’s cotton textile industry is based on the weighed calculation of numerous main indicators of about 500 backbone cotton textile enterprises. A reading above 50 indicates expansion, while a reading below reflects contraction.

Prosperity Index of China Cotton Textile Industry

Source: CHINA TEXTILE LEADER Express