Industry Data: China'S Apparel Industry Economic Operation Briefing In The First 11 Months

From January to November 2024, supported by the implementation of consumption promotion policies and measures, the remarkable effect of overseas inventory replenishment, and the low base in the same period last year, the decline of clothing exports has narrowed, and the major operational indicators of industry production, investment, and efficiency have improved significantly. However, the growth of domestic sales has slowed down due to weak market expectations, insufficient endogenous consumption momentum, and intensified internal competition. Looking forward to next year, the external environment will become more complex, severe and uncertain. Against the background of insufficient effective demand, the pressure on enterprises to operate will continue to be high, and the industry will face greater challenges to maintain a stable and positive recovery trend. In the face of new changes and challenges, the clothing industry needs to seek and improve its internal skills, continue to deepen transformation and innovation, develop new quality productivity, and strive to promote the construction of a modern industrial system and high-quality development of the industry.

　　 production

According to the data of the National Bureau of Statistics, from January to November 2024, the industrial added value of enterprises above designated size in China's clothing industry increased by 0.7% year on year, 0.2 percentage points faster than that from January to October; The clothing output of enterprises above designated size reached 18.569 billion pieces, up 3.94% year on year, 0.48 percentage points slower than that from January to October.

　　 for the domestic market

According to the data of the National Bureau of Statistics, from January to November 2024, the total retail sales of consumer goods in China will be 44272.33 billion yuan, an increase of 3.5% year on year, and the growth rate will be the same as that from January to October. Among them, the retail sales of clothing commodities of units above the designated size totaled 949.30 billion yuan, the same amount as the same period last year, and the growth rate dropped 0.6 percentage points from January to October. Among them, the retail sales of clothing commodities of units above the designated size in November fell 4.5% year on year, with an increase rate of 11.7 percentage points lower than that in October.

According to the data of the National Bureau of Statistics, from January to November 2024, the online retail sales of physical goods will reach 11805.86 billion yuan, up 6.8% year on year. Among them, online retail sales of clothing products increased by 2.8% year on year, 1.9 percentage points slower than that from January to October.

　　 exit

According to the data of China Customs Express, from January to November 2024, China's clothing and clothing accessories exports totaled US $144.22 billion, down 0.2% year on year, 0.5 percentage points less than that from January to October. In November, clothing exports amounted to US $13.02 billion, up 4.3% year on year, 3.8 percentage points slower than that in October.

　　 investment

According to the data of the National Bureau of Statistics, from January to November 2024, the actual investment in China's clothing industry increased by 18.2% year on year, 0.7 percentage points faster than that from January to October.

　　 benefit

According to the data of the National Bureau of Statistics, from January to November 2024, there will be 13820 enterprises above the designated size (annual main business income of 20 million yuan and above) in the clothing industry in China, achieving an operating income of 1137.816 billion yuan, up 2.58% year on year, 0.53 percentage points faster than that from January to October; The total profit was 54.953 billion yuan, up 3.94% year on year, 0.79 percentage points faster than that from January to October; The operating income profit margin was 4.83%, 0.06 percentage points higher than that of the same period last year, and 0.30 percentage points higher than that of January October.