Textile industry enters recovery period

According to the data released by the National Bureau of Statistics, the national economy was generally stable in the first quarter, and preliminary calculations showed that GDP in the first quarter was 1188.55 billion yuan, which was calculated at a comparable price and grew by 7.7% year-on-year. With regard to economic data analysis, the economic growth rate in the first quarter was lower than expected, but the current economy remained relatively stable. According to this expert, the economy will continue to maintain its overall trend of moderate recovery. It is expected that the economic growth rate in the second quarter of this year will reach 8%.

As the gross domestic product in the first quarter increased by 7.7% year-on-year, which was lower than expected, the overall characteristics of the lack of motivation were shown in terms of the recent manufacturing or economic growth momentum. For the textile industry, it is still in the recovery period of the entire industry and there are signs of an increase in business orders. However, judging from the situation in the recent week, if the momentum of the strong appreciation of *** continues, there is no doubt that the textile industry's vision of restorative growth will be lost.

Judging from the overall situation and the international environment, the economy has shown a gradual improvement. The growth rate of foreign trade in the first quarter was much better than expected. In terms of price, the pressure gradually eased, especially in March. In the next step, macro-policy still has a relatively moderately loose environment.

From the perspective of financial markets, the money supply has grown rapidly, monetary policy has been relaxed, and fiscal policy is still positive. This will help speed up investment in the textile industry. With the improvement of the domestic economic environment, the textile economy will still maintain a modest rebound.