According to recent statistics, in this year's third quarter, the entire performance of Chinese apparel and textile industry stayed steady. Among all sectors, textile industry continued to grow steadily, whereas apparel manufacturing and chemical fiber industry went steady with a tendency of a slight decline.
In the third quarter of this year, China Textile Industry Index recorded 101 points, 1.1 points more than the previous quarter. China Apparel Industry Index hit 99.1 points and China Chemical Fiber Industry Index stood at 100.3 points with an increase of 0.1 points, in comparison with the second quarter.
Meanwhile, China Textile Enterprises Index registered 128.9 points, 2.8 points up compared to last quarter whereas China Apparel Enterprises Index recorded 146.8 points, rising 6.3 points from previous quarter and China Chemical Fiber Enterprises Index stood at 134.5 points, advancing 0.6 points from the second quarter.
The analysis of the indices suggested that Chinese textile industry is now confronted with multiple pressures. Global economy is recovery at a slow pace, adding burden to the recuperation of textile and apparel industry. In China, coupled with the growing demand for energy saving and emission reduction in the production, the continually rising prices of textile raw materials have made it more difficult for the country's textile industry to recover. Given the circumstances, it is anticipated that the indexes in the next quarter will have a tendency of declining.
