Business Slow Down

   Since the second quarter, affected by factors such as the rebound of the domestic epidemic and the more complex international political and economic environment, the textile industry has faced risks and challenges such as phased shutdowns in some regions, poor logistics operations, and high raw material prices, and the production and operation conditions have fluctuated. . In the context of weakening domestic and foreign market demand, the industry's prosperity has entered a contraction range. However, as the epidemic prevention and control situation has gradually stabilized, the production and sales of enterprises have gradually recovered, and the industry's overall prosperity has rebounded slightly compared with the first quarter. According to the survey conducted by the China National Textile and Apparel Council, the prosperity index of the textile industry in the second quarter of 2022 was 46.3, up 3.7 percentage points from the first quarter of this year.