2009-10-03

Christmas orders down

Xmas Season Orders Don't Bode Well for Chinese Exporters
The season for Christmas orders has passed, and Chinese exporters do not yet see the slightest trace of any rebound. The export market for Chinese goods next year shows no promise and is hovering near its lows...

The instability of textile and apparel orders appeared in the first several months, and then recurred in August, when year-on-year decline of growth continued, and month-on-month growth greatly declined after two consecutive months of rise. The outlook remains low, as export decline is greatly related to sluggish demand.
Bad news for the economy, but possibly good news if retailers carry less inventory.

No comments:

Post a Comment