Economic Operation Bulletin Of Sewing Machinery in May 2021

In May, driven by the stable recovery of the global economy and the domestic and foreign markets, the economic operation of my country's sewing machinery industry continued to recover. The company's production momentum was strong, production and sales grew at a high speed, exports were running at a high level, benefits continued to improve. However, due to the continuous increase in the costs of raw materials and ocean freight, and the continuous recurrence of the international epidemic caused by the mutation of the new crown virus, the future development of the industry still faces greater challenges and uncertainties. 

According to data from the National Bureau of Statistics, in the first May of 2021, the cumulative industrial value added growth rate of my country's sewing machinery manufacturing enterprises above designated size was 34.9%, which was higher than the average value of 17.8% of the national industrial regulations during the same period, and the industry's production showed a continued recovery trend. In May, the growth rate of industrial added value of enterprises under the industry regulations was 36.8%, an increase of 6.7 percentage points from the previous month.