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Ministry Of Commerce: Textile, Clothing And Other Consumer Industries Will Be More Impacted In The Short Term.

2020/4/13 11:57:00 76

TextileClothingConsumerIndustryShort Term Impact

In April 9th, the Ministry of Commerce held a regular press conference. The spokesman of the Ministry of Commerce said that at present, the resumption of production and trade of foreign trade enterprises is being carried out in an orderly way. Over 76% of the key foreign trade enterprises in China have recovered more than 70%. In March, the new PMI export index and import index of manufacturing industry rose by 17.7 and 16.5 percentage points respectively compared with February. But at the same time, the impact of the global spread of the epidemic on the world economy and international trade is gradually emerging. According to the investigation of key areas, key industries and key enterprises, some foreign trade enterprises have been affected by the delay or cancellation of orders, and new orders have been affected, especially in textile, clothing and other consumer industries.

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ITMF Survey: Parts Of Global Textile Orders Are Dropping Rapidly.

The International Federation of textile manufacturers (ITMF) recently conducted a second survey of its members and their Affiliated Companies and associations (March 28th to April 3).