May China Manufacturing Purchasing Managers Index 53.9%

In May 2010, the CFLP of China's Manufacturing Purchasing Managers Index (PMI) was 53.9%, down 1.8 percentage points from last month. CFLP the PMI index of China's manufacturing industry has been strongly supported by Hongkong Lifeng group.

Manufacturing PMI is a composite index, which is weighted by 5 main diffusion indices according to the internationally accepted practice. Usually, the PMI index is above 50%, reflecting the overall economic expansion; less than 50%, reflecting the economic recession.

From the 11 sub index, compared with the previous month, only finished goods inventory index rose, the increase was 3.6 percentage points, and the rest of the index dropped to varying degrees. Among them, the purchase price index dropped the largest, reaching 13.7 percentage points; the new order index, backlog order index, purchase volume index and import index fell more obviously, the amplitude reached more than 2 percentage points; the remaining index fell little, the amplitude was more than 1 percentage points.

Of the 20 industries in this month, 15 industries reached over 50%, 3 industries were higher than 60%, and 1 industries were located at 50%. Judging from the enterprises of different product types, the production enterprises are the highest, reaching 58%; raw materials and energy, intermediate goods and consumer goods enterprises are closer to 53%.

According to the survey of purchasing managers in manufacturing industry in May, Zhang Liqun, an analyst with special analysts, said: "in May, the PMI index dropped, which is the same as the trend of the same period in previous years. It is difficult to ascertain whether it is a seasonal change. Judging from the changes in the main economic indicators in April, China's economic growth began to turn from steady recovery to stability, and the industrial growth level decreased in April. Investment will continue to maintain growth of over 20%, consumption will be stable and prosperous, and exports will recover strongly. Driven by demand factors, it is expected that the economy will continue to maintain a relatively fast growth in the future, but the level of growth will decline slightly. The change of PMI index in May may also be one of the harbingers of economic growth and stability. The purchasing price index has fallen considerably, which indicates that the cost pressure of enterprises will decrease.

The new order index is down. This month's new order index was 54.8%, down 4.5 percentage points from last month. Among the 20 industries, 13 industries, led by non-metallic mineral products, metal products, general equipment manufacturing and textile industry, were higher than 50%. 4 industries in the top 4 industries were higher than 60%; nonferrous metal smelting and calendering processing industry, chemical fiber manufacturing and rubber (22755, -130.00, -0.57%) plastic products (10360, -80.00, -0.77%) products and other 7 industries were below 50%. From the point of view of product type, production is the highest in manufacturing enterprises, reaching over 60%.

Production index fell slightly. This month's production index was 58.2%, down 0.9 percentage points from last month. Of the 20 industries, only 3 industries of tobacco products, pharmaceutical manufacturing, petroleum processing and coking were below 50%, while the other 17 industries were all above 50%. Among them, 6 industries, led by the non-metallic mineral products industry and general equipment manufacturing industry, reached over 60%, and the 2 industries led by over 70%. From the point of view of product type, production is the highest in the category of enterprises, reaching 65%, and the lowest in living and consuming enterprises is slightly higher than 55%.

Both the import index and the new export orders index have dropped. This month's import index was 50.9%, down 2.2 percentage points from last month. Among the 20 industries, the 9 industries led by the metal products industry and the general equipment manufacturing industry were higher than 50%, and the 2 industries led by them reached more than 60%. 11 industries, such as agricultural and sideline food processing and food manufacturing, beverage manufacturing, tobacco products, and so on, are less than 50%.

This month's new export orders index was 53.8%, down 0.7 percentage points from last month. Among the 20 industries, the 16 industries led by the metal products industry and the non metallic mineral products industry were higher than 50%, and the 2 industries led by them reached more than 60%. Judging from the product type, raw materials and energy enterprises are slightly less than 50%; production is the highest in manufacturing enterprises, and nearly 60%.

Finished product inventory index has increased. The inventory index of finished goods was 49.8% this month, up 3.6 percentage points from last month. According to the industry, 5 industries, such as ferrous metal smelting and calendering processing, chemical fiber manufacturing, rubber and plastic products industry, are higher than 50% in the 20 industries, especially in ferrous metal smelting and calendering processing industry, reaching more than 60%; 4 other industries are located at 50%; and the remaining 11 industries are below 50%. Judging from the product type, raw materials and energy enterprises are higher than 50%; manufacturing enterprises are 50%; intermediate products and consumer goods enterprises are below 50%.

The purchase price index has dropped sharply. This month's purchase price index was 58.9%, down 13.7 percentage points from last month. In the 20 industries, chemical fiber manufacturing and rubber and plastic products, non-ferrous metal smelting and calendering processing industries are below 50%; the tobacco products industry is 50%; the remaining 17 industries are all above 50%, of which 8 industries are above 60%, 1 industries are higher than 70%. From the point of view of product type, production is the highest in manufacturing enterprises, reaching over 60%; raw materials and energy, intermediate goods and consumer goods enterprises are slightly lower.