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    PMI Was 51.2%&Nbsp In September, And 0.3 Percentage Points Rebounded.

    2011/10/14 9:16:00 18

    PMI Picked Up 0.3 In September.

    China logistics and purchasing Federation (CFLP) released in September 2011


    China's manufacturing industry PMI is 51.2%.


    2011, September, China

    logistics

    The purchasing managers' index (PMI) of China's manufacturing industry, released by the Federation of purchasing, was 51.2%, up 0.3 percentage points.

    The index continued to pick up in recent two months, indicating a further strengthening of economic development.


    From the sub index, purchase

    Price

    The index and supplier delivery time index decreased, while the rest indexes recovered, but most of them recovered slightly. Only the new export orders index, backlog order index and finished goods inventory index picked up slightly larger than 1 percentage points.

    This month's purchase price index was 56.6%, down 0.6 percentage points from last month.


    This month, 20 industries, tobacco products, pharmaceutical manufacturing, pportation equipment manufacturing and other 9 industries reached more than 50%; non-ferrous metal smelting and calendering processing industry is located in 50%; ferrous metal smelting and calendering processing industry, general equipment manufacturing, paper printing and cultural and educational products manufacturing industry 10 industries less than 50%.

    From the product type, intermediate goods and consumer goods enterprises are higher than 50%; raw materials and energy and production enterprises are less than 50%.


    According to the survey of purchasing managers in manufacturing industry in September, Zhang Liqun, an analyst with special analysts, said: "in September, the PMI index continued to pick up slightly, indicating that the possibility of economic growth downward trend was further increased.

    Judging from the growth rate of the three major demands, the overall trend is still decreasing, especially the possibility that the export growth rate will decrease.

    7, the industrial growth rate continued to fall in August.

    Taking all factors into consideration, the possibility of future economic growth will continue to decline.

    At present, the development of small and medium-sized enterprises is facing greater difficulties. In September, the purchasing price index declined, indicating that the cost pressure of enterprises may be reduced, but the policy support for SMEs needs to be strengthened as soon as possible. "


    The new order index picked up slightly.

    This month's new order index was 51.3%, up 0.2 percentage points from last month.

    Among the 20 industries, 8 industries, such as tobacco products, pharmaceutical manufacturing, pportation and equipment manufacturing, were higher than 50%, and 12 industries such as chemical raw materials and chemical products, metal products, paper making, printing, culture, education and sports goods manufacturing were below 50%.

    From the product type, intermediate goods and consumer goods enterprises are higher than 50%; raw materials and energy and production enterprises are less than 50%.


    Production index continued to rise slightly.

    This month's production index was 52.7%, up 0.4 percentage points from last month.

    In the 20 industries, 11 industries, such as tobacco products, pportation and equipment manufacturing, agricultural and sideline food processing and food manufacturing, were higher than 50%, and 9 industries, such as paper making, printing, cultural, educational and sporting goods manufacturing, non-ferrous metal smelting and rolling processing, and metal products, were below 50%.

    In terms of product type, raw materials and energy and production are made up of less than 50% of category enterprises, and intermediate goods and consumer goods enterprises are higher than 50%.


    The new export orders index has risen, but is still at a low level.

    This month's new export orders index was 50.9%, up 2.6 percentage points from last month.

    In the 20 industries, 10 industries, such as tobacco products, beverage manufacturing, wood processing and furniture manufacturing, were higher than 50%, while 10 industries such as petroleum processing and coking, metal products and special equipment manufacturing were below 50%.

    From the product type, raw materials and energy, intermediate category enterprises are less than 50%, and consumer goods and production enterprises are higher than 50%.


    Finished product inventory index has picked up.

    The inventory index of finished products in this month was 49.9%, 1 percentage points higher than that of last month.

    According to the industry, 9 industries, such as tobacco products industry, ferrous metal smelting and calendering processing industry, clothing and footwear manufacturing and feather and down products industry, are higher than 50% in 20 industries; the pharmaceutical manufacturing industry and metal products industry are located at 50%; the communications equipment, computers and other electronic equipment manufacturing industries, chemical raw materials and chemical products manufacturing, textile industry and other 9 industries are below 50%.


    The purchase price index fell slightly.

    This month's purchase price index was 56.6%, down 0.6 percentage points from last month.

    According to the industry, only 50% of the 20 industries are processed and coking, and the remaining 19 industries are higher than 50%, among which 6 industries, such as pharmaceutical manufacturing, beverage manufacturing, wood processing and furniture manufacturing, have reached 60%.

    In terms of product type, raw materials and energy, intermediate goods, consumer goods and production enterprises were all higher than 50%, of which raw materials and energy enterprises were the highest, reaching nearly 60%.


    Description of China Manufacturing Purchasing Managers Index (PMI)


    The manufacturing purchasing managers surveyed 820 sample enterprises from the national manufacturing enterprises, and conducted a monthly questionnaire survey on purchasing managers.


    The survey covers 28 industries of the manufacturing industry in the classification of national economy (GB/T4754-2002), and each industry distribus the sample enterprises according to their scale.


    The questionnaire involved 11 problems: production volume, new orders, export orders, existing orders, finished goods inventory, purchase volume, import, purchase price, raw material inventory, employees and supplier delivery time.

    The diffusion index is calculated for each problem, that is, the percentage of enterprises answered positively and half of the percentage of respondents who answered the same question.


    PMI is a composite index calculated by weighting the 5 diffusivity index (classification index).

    The 5 classification index and its weights are determined according to their antecedent impact on the economy.

    Including: the new order index, the weight is 30%, the production index, the weight is 25%, the employee index, the weight is 20%, the supplier delivery time index, the weight is 15%, the raw material inventory index, the weight is 10%.


    PMI is the prevailing macro in the world.

    Economics

    One of the monitoring index systems plays an important role in monitoring and forecasting national economic activities.

    Usually, 50% is the cut-off point of the economic strength and PMI is higher than 50%, which reflects the economic expansion of manufacturing industry. Below 50% reflects the economic recession of manufacturing industry.


     

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