The utilization rate of production capacity in the textile industry has continued to rebound, achieving a smooth start in production in the first quarter.
According to the Securities Times APP, the China Textile Industry Economics Research Institute stated that after this year's Spring Festival, the progress of textile enterprises resuming work and production is generally good, and the level of capacity utilization has continued to increase. The industry has achieved a stable start to production in the first quarter.
Data from the National Bureau of Statistics shows that in the first quarter, the capacity utilization rates of China's textile industry and chemical fiber industry were 77.8% and 86.3% respectively, both higher than the national industrial average of 74.1%. In the first quarter, the added value of industrial enterprises above a designated size in the textile industry increased by 5.3% year-on-year, with a growth rate that was 0.4 percentage points higher than the same period last year. The entire textile industry chain has experienced positive growth in production, with sub-industries such as bast fiber textiles and filament weaving maintaining strong double-digit growth in industrial added value. Among the 15 major textile products statistics by the National Bureau of Statistics, 10 categories including chemical fibers, yarn, fabric, non-woven fabric, and clothing have achieved stable growth in production.
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