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Us Macroeconomic Index And Cotton Textile Supply Chain

2011/4/27 13:34:00 63

Cotton Textile Macro Economic Supply Chain

According to the Cotton Corp financial bulletin, March, the United States

Consumer

The confidence index fell by 8.6 percentage points, from 72 to 63.4.

Its decline is mainly attributable to the volatile Middle East situation that has pushed up the price of crude oil and gasoline.

Nevertheless, it is still higher than the recession.

The favorable employment situation has become an important factor in supporting consumer confidence and consumer spending.

The annual growth rate of seasonally adjusted total consumer spending in February was 0.3% higher than that in January, while the annual growth rate of clothing expenditure was 2% higher than that in January.

Compared with the same period last year, total expenditure in February increased by 2.5%, while clothing expenditure increased by 4.8%.

Slightly increased income (2.7% higher than the same period last March) contributed to the increase in consumer spending and the increase in savings rates.

The personal savings rate has reached nearly 6% in recent months, and it has been below 4% for decades before the recession.

January cotton garments

Import volume

It hit a new high.

However, when we analyze the possible consequences of high cotton prices, we need to look at seasonally adjusted data to eliminate seasonal differences.

After seasonal adjustment, the price of cotton clothing per square meter is only 1.4% higher than that in August last year.

In fact, the prices of imported goods in the United States reflect the price pressure brought by the economic crisis on imported goods, not just the impact of rising clothing prices.

In the past few years, faced with the unstable economic environment, retailers are under great pressure of discount, so they have to work hard to find products with lower cost.

The retailer's idea is obviously affected.

Importer

The price of the product.

In January, the average price of cotton garments converted into square meters was 3.13 US dollars per square meter, which was 2.8% lower than the average price of 3.22 US dollars per square meter (the average price from 2005 to 2007) before the outbreak of the financial crisis in 2008.

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It is predicted that the soaring price of cotton will eventually lead to an increase in import and retail prices.

Because there is a certain time lag between order signing and commodity shelves, the overall impact of the rise in cotton prices on retail prices will only be reflected in a few months.

The CPI index of the latest clothing products (February) has dropped slightly by 0.05% compared with the previous surge in cotton prices in August last year.

Higher clothing prices may reduce consumer purchases, but it is just one of the many factors that affect clothing consumption because of rising prices.

Rising oil prices have led to rising gasoline prices.

According to the US Department of agriculture, a series of rising prices of agricultural products will increase food prices by 3-4% this year.