In March, the raw material purchasing index was 51.8%, 2.4 percentage points higher than that of February; the raw material inventory index was 49.3%, up by 0.6 percentage points month-on-month; the production index was 54.7%, up 5.5 percentage points from February; the product sales index was 52.6%, increasing 0.9 percentage points month-on-month; the product inventory index was 49.6%, declining by 0.8 percentage points from the previous month, and the business index was 54.2%, growing by 3.5 percentage points from February.

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

Figure: Prosperity Index of China Cotton Textile Industry

Source: CHINA TEXTILE LEADER Express