View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
December 5, 2017

China apparel and textile profits climb in 10 months

Accumulated industrial profits in China's apparel and textile sectors climbed in the first ten months of the year, new figures show.

Accumulated industrial profits in China’s apparel and textile sectors climbed in the first ten months of the year, new figures show.

According to from China’s National Bureau of Statistics, apparel profits were up 8.6% to CNY109.77bn (US$16.6bn) in the period January to October 2017 compared to last year. Textile profits were up 3.2% to CNY165.88bn.

The figures, which represent industrial enterprises with revenue from principal activities over CNY20m, show industrial revenues for apparel firms grew 5.1% to CNY1.96trn. Textiles revenues, meanwhile, increased 6.3% to CNY3.42trn.

In the third quarter, however, apparel earnings were down 2.7% month-on-month to CNY33.59bn, but were up 8.5% relative to the same quarter last year.

In the first ten months of 2017, the profit made by industrial enterprises achieved CNY6.24trn, a year-on-year increase of 23.3%, and the growth rate increase of 0.5 percentage points from the first nine months.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Style