Has the Development Of China's Sewing Machinery Industry Recovered?

- Nov 03, 2020-

In August 2020, with the steady recovery of the domestic economy and the gradual recovery of international market demand, the production of my country's sewing machinery industry has recovered rapidly, the exports have improved significantly. In August, the growth rate of sewing machinery exports in August changed from negative to positive year-on-year. Production and sales The decline in major economic indicators, such as economic efficiency, has further narrowed, and the industry has continued to maintain a steady recovery. The decline in major economic indicators such as production, sales, and profitability has further narrowed, the industry has continued to maintain a steady recovery.

However, the current risk of a second outbreak of the overseas epidemic is increasing, and the international economic environment is still severe and complex. The cumulative growth rate of the main indicators of the industry's economic operation is still showing double-digit negative growth, the industry is still facing certain pressures for continued recovery.

Yielding:

According to the National Bureau of Statistics, From January to August, the cumulative industrial added value growth rate of the above-scale production enterprises in my country's sewing machinery industry was -16.0%, which was 1.1 percentage points lower than that in July and 15.5 percentage points lower than that in the first quarter. Production has continued to stabilize and recover.

Changes in the cumulative value-added growth rate of enterprises in the past 3 years

Changes in the cumulative value-added growth rate of enterprises in the past 3 years

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