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Domestic Apparel Industry Surged In The First Quarter Of 2011

2011/5/13 13:29:00 147

Inventory Cycle Enterprise Inventory Tightening Policy

In the first quarter of 2011, with the changing market of domestic industrial products, the hot selling situation was not in place, instead of selling. As the demand for textiles and clothing declined, commodity prices dropped. Enterprise inventory Soaring, manufacturing enterprises difficult at both ends of the phenomenon intensified.


In 2011, a clothing leading enterprise increased its stock size from 2 billion 540 million yuan at the end of 2010 to 3 billion 160 million yuan, and the inventory size increased by 4 times compared with the end of 2010. The company explained that it was mainly due to seasonal factors and early preparation, but market analysts believe that there are also reasons for slowing sales. From the national data, at the end of 3, the finished product inventory of industrial enterprises in the whole country was 23671 billion yuan, up 23.2% over the same period last year, an increase of 1.1 percentage points from the end of last month.


Inventory backlog did not improve in April. In April, the purchasing managers' index (PMI) of China's manufacturing industry showed that the raw material inventory index reached 52% in the month, second only to the high level in January 2010.


Experts believe that inflation will continue to trigger. Retrenchment policy Tightening policy may break the positive cycle at some point. As a result, enterprises will have to reduce inventories, the price of products will fall, and the profits of enterprises will decline, thus entering a negative cycle.


However, many analysts believe that in the case of a sharp decline in orders, the next go. Inventory cycle It is possible that the new balance between product demand and price level will be sought in the future.

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