Fashion
China’s clothes & textiles retail sales up 10.4% YoY in Jan-Feb
The value added of manufacturing went up by 6.6 per cent YoY in the period, a release from National Bureau of Statistics of China said.
China’s economy got off to a promising start in the first two months this year, with the total value added of industrial enterprises above the designated size growing by 6.3 per cent YoY.
The value added of manufacturing rose by 6.6 per cent YoY.
The retail sales of clothes, shoes, hats and textiles went up by 10.4 per cent YoY, while the total value of foreign trade in goods was up by 18.3 per cent YoY.
The value added of state-owned enterprises increased by 4.2 per cent YoY during the period, while shareholding enterprises recorded a 6.9 per cent YoY rise. Enterprises funded by foreign investors, including those from Hong Kong, Macao and Taiwan, grew by 4 per cent YoY, whereas private enterprises posted the highest growth of 7.4 per cent YoY.
In February, the total value added of industrial enterprises above the designated size went up by 0.83 per cent month on month (MoM).
The manufacturing purchasing managers’ index stood at 49 per cent in the same month and the production and operation expectation index was 53.2 per cent—0.6 pp higher than that in January.
In January-February 2026, the total retail sales of consumer goods reached 8,607.9 billion yuan—up by 2.8 per cent YoY—1.9 pps faster than that in last December.
The retail sales of clothes, shoes, hats and textiles went up by 10.4 per cent YoY in the two months.
In February, the total retail sales of consumer goods increased by 0.81 per cent MoM.
In the first two months this year, the online retail sales of goods were worth 2,081.2 billion yuan ($312.18 billion)—up by 10.3 per cent YoY and accounting for 24.2 per cent of the total retail sales of consumer goods.
In the first two months this year, the total value of foreign trade in goods was 7,732.1 billion yuan—up by 18.3 per cent YoY—13.4 pps faster than that in December 2025. The value of exports was 4,617.8 billion yuan—up by 19.2 per cent and the value of imports was 3,114.3 billion yuan—up by 17.1 per cent YoY.
Imports and exports with Belt and Road partner countries grew by 20 per cent YoY during the two months, while the same by private enterprises went up by 22.8 per cent YoY during the two months.
The country’s consumer price index (CPI) in January-February 2026 went up by 0.8 per cent YoY. It increased by 0.2 per cent YoY in January and by 1.3 per cent YoY in February.
The CPI went up MoM by 0.2 per cent in January and 1 percent in February.
In the first two months, the producer prices for industrial products went down by 1.2 per cent YoY. In January, these went down by 1.4 per cent YoY and went up by 0.4 per cent MoM. In February, these decreased by 0.9 per cent YoY and rose by 0.4 per cent MoM.
In the first two months, the purchasing prices for industrial producers dropped by 1.1 per cent YoY.
Fibre2Fashion News Desk (DS)