Retail Sales Of Textiles And Clothing In South Africa Are Pretty Good In February.

The Statistics SA announced that retail sales in February this year increased by 4.1% over the same month last year, slightly better than the 3.6% increase in January.

Economic analysts pointed out that this is mainly due to the recent rise in the price level of South Africa, resulting in an increase in retail sales, but nowadays people have to pay more money, but they can only buy less goods.

The report points out that since the price has risen nearly 10%, retail sales have grown by only 4%, meaning that people can only buy fewer items now.

In particular, high food prices, such as 1 sacks of corn staple, cost 30 South African coins, and 20 South African currencies 6 months ago, have caused a sharp rise in the burden of public spending.

Because of the weak consumer demand, the retail industry in South Africa has been reduced interest rates.

According to a survey conducted by the Bureau of Economic Research, only 44% of the retailers are concerned about the current situation.

Satisfied, canal and others must sacrifice interest rates in pursuit of sales growth.

February

In statistics, sales of pharmaceuticals, cosmetics and sanitary products grew by 7.8%, and sales of general distributors grew by 5.5%, as well as textiles, garments and

And leather products sales grew by 4.2%.

Because the size of the general distributor is larger than that of the small store, it can lower its purchase cost and further return the cost saved to consumers, resulting in a sharp increase of 5.5% in retail sales in February.

Economic analysts also point out that during the period of economic prosperity from 2003 to 2008, the growth of retail sales in South Africa averaged over 7%, so the current retail sales growth was 4.1% compared to the fact that it was negligible, and the average growth rate of GDP in South Africa during the period was 4.5%.

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Cotton planting area in Pakistan decreased by 4% to 2 million 700 thousand hectares over the same period 2015/16.

In 2016/17, cotton production is expected to grow 15% to 1 million 960 thousand tons over the same period of the year under good weather and adequate irrigation conditions.

Pakistan cotton is mainly middle and long staple, accounting for 60-70% of total cotton production.

Water quality, low lint, short fiber and poor strength are the main quality problems faced by cotton.

In 2002, Pakistan began planting genetically modified cotton, accounting for more than 95% of cotton planting area.

In recent years, Pakistan's cotton consumption and imports have been increasing. It is estimated that in 2016/17, cotton consumption in Pakistan will reach 2 million 200 thousand tons and cotton imports will be 320 thousand tons.

With the increasing demand for high-end textiles in foreign markets, Pakistan's imports of high-grade long staple cotton are also increasing, while the export of cotton with relatively low domestic quality is also increasing. It is estimated that cotton exports to Pakistan will increase to 87 thousand tons in 2016/17.

Pakistan's accession to the EU GSP + preferential policy has stimulated the export of textiles to the EU market.

In February 2015, the Pakistan government announced that by 2019, Pakistan's textile export target will increase from 13 billion US dollars to US $26 billion.

At present, the textile industry in Pakistan is also facing some problems. Domestic cotton production and quality can not meet the textile demand and power shortage, leading to high production costs.