Yarn production in China increased 4.1 per cent year-on-year in 2017 up to June. Yarn production seems to be accelerating year-on-year since April, when year-on-year growth was just 3.1 per cent, down from 6.7 per cent in 2017 up to February, and 4.1 per cent in 2017 up to March.

By May, year-on-year growth increased 3.7 per cent, and June’s growth rate solidified the accelerating growth in China’s 2017 yarn production relative to the same period last year. In June, production increased 9.5 per cent from May. The month-on-month growth rate in June was faster than the 4.8 per cent month-on-month growth rate in May. Yarn production also looked positive year-on-year in June, upping 5.7 per cent when compared to the same month the year before, just 0.2 percentage points lower than May’s 5.9 per cent year-on-year growth rate.

June marks the end of the second quarter. In the second quarter of the calendar year (April-June), yarn production increased sharply by 14.8 per cent quarter-on-quarter, after falling 1.1 per cent in the first quarter of 2017 relative to the fourth quarter of 2016. Year-on-year growth is relatively slower at four per cent, which is slightly lower than the 4.1 per cent year-on-year growth in the first quarter.