Ministry of Industry and Information Technology recently released the consumer goods industry situation in Jan. and Feb. of 2009. In the first two months, the industrial added value of consumer goods increased 7.4% to the same period of last year, or 9.2% on the daily base. Encouraged by the policies of enlarging domestic demand, textile industry recovered soon, but the export situation was still not optimistic.
From Jan. to Feb., the industrial added value for statistics-worthy textile enterprises (whose annul output beyond five million RMB) increased 5.8%. For Feb. alone, up 16.7%; but export down 8.1%. The yarn turnout was 2.87 million tons, up 5.9%; fabric 6.93 billion meters, down 5%; garment 4.69 billion pieces, down 0.3%; chemical fiber 3.55 million tons, up 3.9%.
According to Customs data, the export value of yarn and fabric products were 7.29 billion USD in Jan./Feb., down 20.6%; garment and accessories were 14.62 billion USD, down 11%. Based on the survey from CNTAC, half of the garment manufacturers reported 30% cut of their orders. Some garment manufacturers in Pearl River Delta suspended the production because of the severe competition, while most of those orders moved into Yangtze River Delta.
