In October, The Manufacturing Industry PMI Was 50.4%&Nbsp; The Ratio Fell 0.8 Percentage Points.

In October 2011, China's manufacturing industry was released by China Federation of logistics and purchasing.

Judging from the sub index, from the 11 sub index, except finished goods inventory

In the 20 industries of this month, 9 industries, such as electrical machinery and equipment manufacturing, pharmaceutical manufacturing, clothing and footwear manufacturing and feather and down products, have reached over 50%; 11 industries, such as special equipment manufacturing, petroleum processing and coking, chemical fiber manufacturing and rubber and plastic products, are lower 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 October, Zhang Liqun, an analyst with special analysts, said: "the PMI index fell in October, indicating that the future economic growth rate will continue to decrease.

In the 3 quarter, both export and investment growth declined, and the problem of tight funds became increasingly prominent.

In the future, the growth rate of exports and investment is expected to continue to decline. The sharp decline in the purchase price index in the PMI index, on the one hand, shows that the cost pressure of enterprises has been reduced. On the other hand, it may also indicate that the future will be affected by the price expectation, and the enterprises' inventory activities will increase.

Affected by demand factors, it is expected that economic growth in the future will continue to decline gently. "

The new order index is down.

This month's new order index was 50.5%, down 0.8 percentage points from last month.

In the 20 industries, 10 industries, such as clothing, shoes and hat manufacturing, feather and down products, pharmaceutical manufacturing and so on, are over 50%, while 10 industries such as special equipment manufacturing, chemical fiber manufacturing, rubber and plastic products and textile industry are below 50%.

From the perspective of product type, the consumer goods enterprises are higher than 50%; the intermediate category enterprises are located at 50%; the raw material and energy and production enterprises are below 50%.

The production index has gone up and down.

This month's production index was 52.3%, down 0.4 percentage points from last month.

In the 20 industries, 13 industries, such as pharmaceutical manufacturing, electrical machinery and equipment manufacturing, are over 50%, while 7 industries such as wood processing and furniture manufacturing, textile industry, non-ferrous metal smelting and rolling processing industry are below 50%.

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

Import index and new export orders index are all down.

This month's new export orders index was 48.6%, down 2.3 percentage points from last month.

In the 20 industries, 9 industries, including non-ferrous metal smelting and calendering processing, agricultural and sideline food processing and food manufacturing, tobacco products, and so on, are over 50%, and 11 industries, such as chemical raw materials and chemical products manufacturing, electrical machinery and equipment manufacturing, pharmaceutical manufacturing, and so on, are below 50%.

From the regional perspective, the eastern, central and western regions are all below 50%.

From the perspective of product type, enterprises in consumer life category are higher than 50%, and raw materials and energy, intermediate goods and production enterprises are all below 50%.

This month's import index was 47%, down 3.1 percentage points from last month.

In the 20 industries, the pharmaceutical industry, the special equipment manufacturing industry, the petroleum processing and coking industry and so on 7 industries are higher than 50%, the chemical raw materials and chemical products manufacturing, clothing and footwear manufacturing and feather and down products industry, the general equipment manufacturing industry and other 13 industries are below 50%.

The purchase price index has dropped sharply.

This month's purchase price index was 46.2%, down 10.4 percentage points from last month.

According to the industry, 8 industries in the 20 industries, including non-metallic mineral products, tobacco products, clothing and footwear, and fur and feather products, are over 50%, while the remaining 12 industries are below 50%.

From the sub regional perspective, the eastern and central parts are below 50%, while the western part is slightly higher than 50%.

In terms of product type, consumer goods enterprises are slightly higher than 50%, 51.1%; raw materials and energy, intermediate goods and production enterprises are below 50%.

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 indices and their weights are determined according to their 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 one of the international macroeconomic monitoring indicators and 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.