< p > investment proposal was affected by the low base last year and the increase of sales promotion in department stores. In November, the retail sales of 100 large retail enterprises increased by 23.1% over the same period last year, the first growth rate of over 20% in the year.

The sales data and the year-on-year improvement are short. The terminal retail sales in 2012 and December are not as good as that in November. The terminal has not improved significantly. We have a neutral view on the industry of < a href= "//m.pmae.cn/news/index_c.asp" > textile > /a >.

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< p > we suggest that the industry with fast development and firm growth will have strong determinacy: 1, card NDI Road, the company's performance is strong, and the expansion is guaranteed; 2, fuanna, the industry is growing faster, the company's direct management and control capabilities are strong, and the initial investment effect is gradually showing; 3, the Pathfinder, the industry is in the initial stage, the industry is growing fast, the company has the advantage of first out, and the extension space is large.

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< p > data tracking macro data: in November, China's CPI increased by 2% over the past year, and then returned to the "2" era after two months.

Among them, clothing prices rose by 2.3% compared to the same period last year, while the prices of < a href= "//m.pmae.cn" > clothing < /a > increased by 2.4% over the same period last year, down 0.4 and 0.6 percentage points respectively from last month.

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< p > > a href= "//m.pmae.cn/news/index_cj.asp" > consumption < /a > retail data: due to the low base last year and the joint effect of increasing sales promotion in the near year, the number of retail sales of 100 large retail enterprises in November increased by 23.1% over the same period last year, the first growth rate of over 20% in the year. The growth rate increased by 8.9 percentage points from last month, a 12.8 percentage point increase over the same period last year.

In December, due to the earlier spring festival last year, there were more promotional activities, with a higher base last year.

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< p > export data: in November, the export volume of China's textiles and garments reached $20 billion 968 million per month, an increase of 2.89% over the same period last year.

From regional perspective, exports of textiles and clothing to Hongkong increased in November, and the export to Japan, the United States and the European Union declined.

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< p > main news bulletin Abstract 1) international a href= "//m.pmae.cn/news/index_h.asp" > Fashion < /a > brand has tried to sink the channel, continue to expand in the two or three line city market; 2) the clothing business is booming, the customers benefit from it, the old name is to make the online excellent clothing store; 3) Li Ning Co releases the "channel revival plan" which is expected to spend 1 billion 400 million -18 billion RMB; 4) the Pathfinder enters the light professional outdoor market; 5) the card slave road acts as the Korean brand.

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Last December, the textile and garment industry rose 17.02 percentage points. In the same period, the Shanghai and Shenzhen 300 index rose 17.91 percentage points, and the textile and garment sector lost 0.89 percentage points in the P market.

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