The fourth quarter may reverse the negative growth momentum of the textile industry's industrial added value

Since the second quarter of this year, domestic consumer market demand has gradually recovered. According to the results of a survey of 5000 entrepreneurs by the People's Bank of China, in the second quarter of 2020, the domestic order index was 50.9%, an increase of 33.5 percentage points from the first quarter, and the export order index was 32.0%, an increase of 12.9 percentage points from the first quarter. Consistent with the investigation by the People's Bank of China, according to the China Textile Federation's survey on the prosperity of textile enterprises, the domestic demand market faced by the textile industry has recovered relatively quickly, and the international market is still depressed. According to the questionnaire survey, it is expected that in the third quarter of 2020, the textile industry new order index may reach 59.7, an increase of 7.5 points from the second quarter; the foreign order index may be 46.6, an increase of 9.6 points from the second quarter. It can be seen that textile companies generally maintain optimistic expectations for the recovery of domestic market demand.