2024 textile industry boom level to maintain expansion!

Since the Spring Festival, the textile industry chain and supply chain have resumed operation in an orderly manner, and the domestic and foreign market consumption and circulation environment have tended to improve, driving the overall prosperity of the industry to maintain an expansion trend. According to relevant estimates, the comprehensive climate index of the textile industry in the first quarter was 53.5%, which was located in the expansion range of more than 50% for five consecutive quarters.

The production situation of the textile industry is stable and rising. Data show that in the first quarter, the capacity utilization rate of China's textile industry and chemical fiber industry was 78% and 85.6%, respectively, an increase of 2.5 and 3.5 percentage points over the same period last year, higher than the national industrial capacity utilization level in the same period. In the first quarter, the industrial added value of enterprises above designated size in the textile industry increased by 4.9%, which was 8.6 and 6.1 percentage points higher than the same period of last year and the whole year of 2023, respectively.