Entering The Traditional Off-Season, The Textile And Garment Market Index Declined In June.

The prosperity monitoring results of China Textile and textile circulation branch show that in June 2020, the national textile and garment professional market managers' prosperity index was 46.83, down 4.30 percentage points from 51.13 in May, and the professional market business climate index was 48.33, down 1.80 percentage points from 50.13 in May. In June, the specialized market of textile and clothing entered the off-season of traditional sales, and the overall business situation declined. In addition, the new wholesale market in Beijing city again has a cluster epidemic, which has aroused the high attention of various industries to the prevention and control of the epidemic situation in the specialized market. Under the dual function of preventing the rebound of the epidemic and the off-season of traditional sales, the prosperity index of textile and garment market has declined.

Management boom and business downturn

Data show that in June, the textile and garment professional market managers and business climate index fell.

1, the manager's prosperity index has dropped by 4.30 percentage points.

Chart 1 list of managers' indices

Data source: Statistics of China Textile Federation circulation branch

From the manager's prosperity index, in June, the manager's prosperity index was 46.83, down 4.30 percentage points from 51.13 in May, and the operating environment index was 48.39, 0.64 percentage points lower than that of May's 49.03.  

The total operating index of the sub index is 45.81, which is 6.77 percentage points lower than that of 52.58 in May; the logistics delivery volume index is 47.10, which is 5.48 percentage points lower than that of May; the passenger flow index is 46.45, which is 5.81 percentage points lower than that of May; the opening rate index is 45.81, which is reduced by 45.81 percentage points over that of May; the rental index is 45.81, which is down by 100% compared with that in May. Electricity sales index was 50, down 2.90 percentage points from 52.90 in May.

2, the business climate index has dropped by 1.80 percentage points.

Chart 2 list of merchant indices

Data source: Statistics of China Textile Federation circulation branch

From the business climate index, the business climate index in June is 48.33, down 1.80 percentage points from 50.13 in May, and the operating environment index is 48.01, which is 0.82 percentage points lower than that in May.  

In the sub index, the sales volume index was 46.30, down 4.60 percentage points from 50.90 in May; the average selling price index was 45.89, which was 3.97 percentage points lower than that of May; the profit index was 46.51, which was 3.35 percentage points lower than that of May; the composite cost index was 50.62, an increase of 50.62 percentage points over that of May; the stock index was 50.62, up by a percentage point over that of May. The electricity supplier sales index was 48.63, down 1.09 percentage points from 49.72 in May.

Data analysis

1, the rental pressure of the professional market continues to increase.

This year, the rental index of the professional market has shown great pressure. In 1-2, the professional market rent index is 29.03,3 months, the professional market rent index is 48.39,4 months, the professional market rent index is 47.42,5, the professional market rent index is 46.77, the professional market rental index in June was 45.81, and in May, it continued to decline 0.96 percentage points. In the first half of this year, the professional market rent is always below 50 and continues to decline. We can see that the follow-up impact of the epidemic is more serious at the rent level of the professional market. There are more kinds of situations such as rent reduction, rent decline, rent arrears and so on. The professional market will face more new challenges in the post epidemic era. We should adapt to the new situation as soon as possible, adjust the role and optimize the upgrading.

2, merchant cost pressure, stock pressure eased slightly.

In June, the cost pressures and inventory pressures of businesses eased slightly and the index rebounded. The composite cost index is 50.62, up 1.17 percentage points from 49.45 in May, and the stock index is 52.05, up 1.08 percentage points from 50.97 in May. In June, the professional market entered the off-season operation, and the index dropped. Only the composite cost index and stock index showed an upward trend. The two indexes were all higher than the 50 ups and downs and gradually picked up.

The index is below 50.

Data show that managers, the next management boom index is 48.06, down 0.97 percentage points from 49.03 in May; the next operating environment index is 48.06, down 48.71 percentage points from May's 0.65 percentage points. In terms of business, the next business climate index is 48.01, down 1.02 percentage points from 49.03 in May, and the next operating environment index is 47.95, down 0.46 percentage points from 48.41 in May. In terms of the forecast index, the four forecast indexes of managers and merchants have dropped, and the overall decline is less than 50. This shows that the market and merchants' confidence in the future situation of the industry is still insufficient, and the sales season of textile and garment professional market will continue until July.