From the industry point of view, in October, 9 of the 13 industries in the consumer goods manufacturing industry saw year-on-year profit growth pick up compared with September, or the decline narrowed, from a decline to an increase. Among them, the profits of textile and garment, chemical fiber and other industries grew faster, up 44.3% and 21.1%, respectively, up 53.3 and 65.2 percentage points compared with September.
On November 27, data released by the National Bureau of Statistics showed that from January to October, industrial enterprises above designated size across the country achieved operating income of 110.96 trillion yuan, an increase of 1.9% year-on-year. Among them, the operating income of the textile industry reached 1,944.59 billion yuan, an increase of 4%; The operating income of the textile and garment industry reached 1,016.19 billion yuan, up 2.1% year-on-year; The business income of leather, fur, feathers and their products and footwear industry reached 695.19 billion yuan, an increase of 4.6%. The chemical fiber manufacturing industry achieved 953.63 billion yuan in operating income, an increase of 7.1%.
From January to October, the total profit of industrial enterprises above designated size nationwide was 5.86804 trillion yuan, down 4.3 percent year on year. Among them, the textile industry achieved a total profit of 58.06 billion yuan, an increase of 5.3%; The total profit of the textile and garment industry reached 46.08 billion yuan, an increase of 3.2%. Leather, fur, feathers and their products and footwear industry achieved a total profit of 36.23 billion yuan, an increase of 4.5%; The total profit of the chemical fiber manufacturing industry was 21.64 billion yuan, an increase of 38.3%.
(Information source: Global Textile Network)