In August 2020, with the steady recovery of the domestic economy and the gradual recovery of international market demand, the production of my country's sewing machinery industry recovered rapidly, and exports improved significantly. In August, the growth rate of sewing machinery exports in August changed from negative to positive year-on-year. Production and sales The decline of major economic indicators such as economic efficiency and economic benefits has further narrowed, and the industry has continued to maintain a stable recovery trend. However, the current risk of the second outbreak of the overseas epidemic is increasing, the international economic environment is still severe and complex, the cumulative growth rate of the main indicators of the industry's economic operation is still showing double-digit negative growth, and the industry's continued recovery is still facing certain pressure.

According to data from the National Bureau of Statistics, from January to August, the cumulative industrial added value growth rate of the above-scale production enterprises in my country's sewing machinery industry was -16.0%, which was 1.1 percentage points lower than that in July and 15.5 percentage points lower than that in the first quarter. Continue to stabilize the recovery trend.