China's National Bureau of Statistics released an analysis report on the 3rd that China's manufacturing economy is generally in a growth trend, but the growth rate has slowed down.
The data shows that the China Manufacturing Purchasing Managers Index in April had a PMI of 52.9%, down 0.5 percentage points from the previous month. Since March 2009, the index has been at the critical point for more than 26 months - an expansion range of more than 50%.
The Bureau of Statistics reported a detailed interpretation of the five sub-indices that make up the manufacturing PMI:
The production index was 55.3%, down 0.4 percentage points from the previous month. The report pointed out that the index has been above the critical point for 27 consecutive months since February 2009, indicating that the manufacturing output has maintained a general growth momentum, but the growth rate has slightly narrowed. From the perspective of the industry, the production volume of the papermaking and printing industry, general equipment manufacturing industry and other industries increased significantly; the production index of petroleum processing and coking industry, pharmaceutical manufacturing industry and other industries was below the critical point, and the production volume dropped.
The new order index was 53.8%, down 1.4 percentage points from the previous month, and was above the critical point for 27 consecutive months. The report pointed out that this indicates that the market demand is stable, and the number of new orders of enterprises is still growing, but the growth rate has slowed down.
The main raw material inventory index was 52.0%, up from 0.4 percentage points last month, the highest level since February 2010. In terms of industry conditions, the inventory of major raw materials in the agricultural and sideline food processing and food manufacturing, metal products and beverage manufacturing industries increased sequentially.
The employee index was 51.8%, which was the same as last month and was above the critical point for two consecutive months, indicating that the demand for manufacturing labor continued to be stable. From the industry situation, the number of employees in the non-ferrous metal smelting and rolling processing industry, textile industry and other industries has decreased compared with the previous month.
The supplier's delivery time index was 50.6%, a slight increase of 0.2 percentage points from the previous month. It was above the critical point, indicating that the manufacturing supplier's delivery time has increased faster than last month.
According to the report, at present, due to factors such as tight supply of spare parts for electronic products in Japan and rising international crude oil prices, the purchase prices of major raw materials in some industries are high, the procurement costs of enterprises are increasing, and the profit margin is shrinking. In April, the main raw material purchase price index was 66.2%, down 2.1 percentage points from the previous month. The index has been running at a high level of more than 60% for nine consecutive months since August 2010, indicating that the purchase price of major raw materials continues to rise.
The data shows that the China Manufacturing Purchasing Managers Index in April had a PMI of 52.9%, down 0.5 percentage points from the previous month. Since March 2009, the index has been at the critical point for more than 26 months - an expansion range of more than 50%.
The Bureau of Statistics reported a detailed interpretation of the five sub-indices that make up the manufacturing PMI:
The production index was 55.3%, down 0.4 percentage points from the previous month. The report pointed out that the index has been above the critical point for 27 consecutive months since February 2009, indicating that the manufacturing output has maintained a general growth momentum, but the growth rate has slightly narrowed. From the perspective of the industry, the production volume of the papermaking and printing industry, general equipment manufacturing industry and other industries increased significantly; the production index of petroleum processing and coking industry, pharmaceutical manufacturing industry and other industries was below the critical point, and the production volume dropped.
The new order index was 53.8%, down 1.4 percentage points from the previous month, and was above the critical point for 27 consecutive months. The report pointed out that this indicates that the market demand is stable, and the number of new orders of enterprises is still growing, but the growth rate has slowed down.
The main raw material inventory index was 52.0%, up from 0.4 percentage points last month, the highest level since February 2010. In terms of industry conditions, the inventory of major raw materials in the agricultural and sideline food processing and food manufacturing, metal products and beverage manufacturing industries increased sequentially.
The employee index was 51.8%, which was the same as last month and was above the critical point for two consecutive months, indicating that the demand for manufacturing labor continued to be stable. From the industry situation, the number of employees in the non-ferrous metal smelting and rolling processing industry, textile industry and other industries has decreased compared with the previous month.
The supplier's delivery time index was 50.6%, a slight increase of 0.2 percentage points from the previous month. It was above the critical point, indicating that the manufacturing supplier's delivery time has increased faster than last month.
According to the report, at present, due to factors such as tight supply of spare parts for electronic products in Japan and rising international crude oil prices, the purchase prices of major raw materials in some industries are high, the procurement costs of enterprises are increasing, and the profit margin is shrinking. In April, the main raw material purchase price index was 66.2%, down 2.1 percentage points from the previous month. The index has been running at a high level of more than 60% for nine consecutive months since August 2010, indicating that the purchase price of major raw materials continues to rise.
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