Analysis On The Retail Sales Of China'S Textile And Garment Industry From January To September 2020: The Retail Sales Decreased By 12.4% Year On Year

China business intelligence network news: according to the National Bureau of statistics, in September, the total retail sales of consumer goods reached 3529.5 billion yuan, an increase of 3.3% year-on-year. Among them, the retail sales of consumer goods excluding automobiles reached 3142.8 billion yuan, an increase of 2.4%. From January to September, the total retail sales of consumer goods reached 27332.4 billion yuan, down 7.2% year on year. Among them, the retail sales of consumer goods excluding automobiles totaled 24658.8 billion yuan, down 7.2%.

In terms of textile and clothing retail, the total retail sales of China's textile and clothing reached 112.5 billion yuan in September 2020, an increase of 8.3% compared with the same period last year. From January to September, China's total retail sales of textile and clothing exceeded 800 billion yuan, a year-on-year decrease of 12.4%.

Total retail sales of China's textile and garment industry and its year-on-year growth in 2020

Data source: compiled by National Bureau of statistics and China Academy of Commerce and industry

From the perspective of the growth rate of textile and clothing retail sales, the growth rate of China's textile and clothing retail sales from January to September 2020 decreased by 12.4% year-on-year, which was 5.2 percentage points lower than the growth rate of social consumer goods retail sales in the same period.

Total retail sales and China's textile and clothing consumption in 2020