China'S Manufacturing PMI Index Continued To Rise In March

China logistics and purchasing Federation, National Bureau of Statistics Service Industry Survey Center released in March 2012.

From the 11 sub index, compared with the previous month, only the supplier delivery time index decreased, the rest of the index rose to varying degrees.

Among them, the rise in new orders index is most obvious, with an increase of 4.1 percentage points.

In terms of industries, the 13 industries, such as tobacco products, automobile manufacturing, electrical machinery and equipment manufacturing, have reached over 50%, and 8 industries such as special equipment manufacturing, ferrous metal smelting, calendering processing and textile industry are below 50%.

From the sub regional perspective, the East, central and western regions are higher than 50% and the northeast region is located at 50%.

From the scale of enterprises, large, medium and small micro enterprises are all above 50%, among which the largest enterprises are 54.2%, while the medium-sized enterprises are the lowest, accounting for 50.5%.

According to the survey of purchasing managers in manufacturing industry in March, Zhang Liqun, an analyst with special analysts, said: "in March, the PMI index continued to pick up, and the magnitude increased.

Judging from the significance of the index itself, it indicates that economic growth is on the rise.

However, there is a certain gap between market demand and economic growth.

In the 1-2 months, the growth rate of exports, investment and consumption had been reduced to varying degrees. The industrial growth rate also dropped by more than 1 hundred points; PPI rose 0.04% year on year.

Economic growth and price inflation showed a downward trend.

From the perspective of the relationship between market demand and economic growth, the future economic growth will still show a downward trend.

The gap between the PMI index and the actual economic trend needs further observation and analysis.

The impact of China's economic pformation on multiple factors and the impact of these changes on the relationship between PMI index and economic trend should be highly concerned.

The new orders index is gaining momentum.

This month's new order index was 55.1%, up 4.1 percentage points from last month.

In terms of industries, 15 industries, such as tobacco products, automobile manufacturing, non-metallic mineral products, electrical machinery and equipment manufacturing, are over 50%; wood processing and furniture manufacturing, textile industry, etc.

Production index rebounded faster.

This month's production index was 55.2%, up 1.4 percentage points from last month.

From the industry perspective, 14 industries, such as tobacco industry, automobile manufacturing industry, electrical machinery and equipment manufacturing industry, are over 50%, while petroleum processing coke making, wood processing and furniture manufacturing, ferrous metal smelting and calender processing industries are below 50% in 7 industries.

Import index and new export orders steadily increased.

This month's new export orders index was 51.9%, up 0.8 percentage points from last month.

From the industry perspective, 14 industries, such as electrical machinery and equipment manufacturing, automobile manufacturing, metal products, and so on, are over 50%, while petroleum processing coke making, food manufacturing and beverage manufacturing, wood processing and furniture manufacturing industries are below 50% in 7 industries.

From the regional perspective, the eastern, central and western regions are above 50%, while the northeast is below 50%.

From the scale of enterprises, large and small enterprises are higher than 50%, while medium-sized enterprises are below 50%.

Import index was 51.5% this month, up 0.7 percentage points from last month.

From the industry perspective, 12 industries, such as general equipment manufacturing, automobile manufacturing, agricultural and sideline food processing, and so on, are over 50%, while textile industry, wood processing and furniture manufacturing, ferrous metal smelting and calender processing industries are below 50% in 9 industries.

From the regional perspective, the East and West are higher than 50%, while the central and northeast parts are below 50%.

Employees index rose to more than 50%.

The employee index was 51% this month, up 1.5 percentage points from last month.

From the point of view of the industry, 16 industries, such as agricultural and sideline food processing, general equipment manufacturing, non-ferrous metal smelting and calendering processing, are over 50%, while 5 industries such as wood processing and furniture manufacturing and special equipment manufacturing are below 50%.

From the regional perspective, the East is higher than 50%, and the middle, West and northeast are below 50%.

From the scale of enterprises, large and small enterprises are higher than 50%, while medium-sized enterprises are below 50%.

The purchase price index continued to rise.

The purchase price index was 55.9% this month, up 1.9 percentage points from last month.

From the industry perspective, petroleum processing coking industry, wood processing and furniture manufacturing industry, chemical raw materials and chemical products manufacturing industry and other 19 industries are higher than 50%.