Market Analysis: In December 2020, The National Clothing Factory Price Will Drop By 1.8% Year On Year

According to the National Bureau of statistics, in December 2020, the ex factory prices of industrial producers in China decreased by 0.4% year-on-year and increased by 1.1% month on month; the purchase prices of industrial producers remained unchanged year on year, up 1.5% month on month. In 2020, the ex factory price of industrial producers will drop by 1.8% compared with that of the previous year, and the purchase price of industrial producers will drop by 2.3%.

In December 2020, among the ex factory prices of industrial producers, the price of means of production decreased by 0.5% year-on-year, 1.3% lower than that of the previous month, which affected the total level of ex factory prices of industrial producers to drop by about 0.33%. The price of means of living decreased by 0.4% on a year-on-year basis, 0.4% lower than that of the previous month, which affected the overall level of the ex factory prices of industrial producers by about 0.11%. Among them, clothing prices fell by 1.8%.

In December 2020, among the ex factory prices of industrial producers, the price of means of production rose by 1.4% on a month on month basis, an increase of 0.7% over the previous month, which affected the overall level of ex factory prices of industrial producers to rise by about 1.05%. The price of means of living rose by 0.1% month on month, the same as that of the previous month, which affected the overall level of the ex factory prices of industrial producers to rise by about 0.04%. Among them, clothing prices fell by 0.2%.