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Industrial Output of China’s Textile Industry up 0.8% in September

2023/11/27

China’s value-added industrial output, an important economic indicator, went up 4% year-on-year in the first three quarters of this year, data from the National Bureau of Statistics (NBS) showed. This growth can be attributed to the accelerating recovery of the country’s industrial production. The growth was 0.2 percentage points faster than that in the first half of this year, according to the NBS. In September alone, industrial output rose 4.5% year on year. The growth was the same from August, and 0.8 percentage points faster than July.

Industrial output is used to measure the activity of large enterprises each with an annual main business turnover of at least CNY 20 million (about US$ 2.79 million).

The manufacturing output increased by 5.0% year-on-year in September and 4.4% in the first three quarters. In September, the textile industry’s value-added output upped by 0.8%, while it decreased by 1.3% in the January-September period.

In the output of main products, the output of fabric declined by 3.5% year-on-year to 2.7 billion meters in September and decreased by 3.4% to 23 billion meters in the first three quarters. While the output of chemical fibers surged by 12.1% to 6.31 million tons in September and rose 6.9% to 52.30 million tons in the January-September period.

Source: CHINA TEXTILE LEADER Express

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