In February 2011, the China Manufacturing Purchasing Managers Index (PMI) issued by the China Federation of Logistics and Purchasing (CFLP) was 52.2%, down 0.7 percentage points from the previous month, and the decline was significantly smaller than last month. Although the chain fell back, it still rose 0.2 percentage points over the same period last year. It shows that the current economic growth is still in a stable and moderate growth range.
Judging from the sub-indices, the overall situation continued to decline, but the decline was significantly reduced. Compared with the previous month, the new export order index, backlog index, import index, and purchase price index increased slightly, within 1 percentage point; the remaining indexes fell, including production index, finished goods inventory index, raw material inventory index, The purchase volume index fell by a large margin, exceeding 1 percentage point. In particular, the purchase volume index and the raw material inventory index fell back, with a drop of more than 2 percentage points.
In the 20 industries this month, 14 industries including ferrous metal smelting and rolling processing, general equipment manufacturing, non-ferrous metal smelting and rolling processing industry were higher than 50%. The six industries of wood processing and furniture manufacturing, tobacco products, paper printing and cultural and educational sporting goods manufacturing are less than 50%. From the perspective of the type of enterprise registration, state-owned enterprises, Hong Kong, Macao and Taiwan investment enterprises and foreign-invested enterprises are less than 50%; limited liability companies and joint-stock companies are higher than 50%. In terms of product types, consumer goods companies are slightly below 50%; intermediate goods, raw materials and energy, and manufactured goods are more than 50%.
In response to the survey of manufacturing purchasing managers in February, special analyst Zhang Liqun said: "The PMI index continued to fall in February, and the downward trend has continued for four months, indicating that the economy is likely to continue to fall. But the PMI is still at 50. The above-mentioned level indicates that the economic decline will not be large. The new export order index will increase slightly, which may be related to the economic recovery of the US and Europe, and will not play an important role in the economic trend."
The new order index is basically stable. This month's new order index was 54.3%, down 0.6 percentage points from the previous month. Among the 20 industries, 14 industries are higher than 50%, among which the general equipment manufacturing industry, ferrous metal smelting and rolling processing industry, non-ferrous metal smelting and rolling processing industry and beverage manufacturing industry have reached more than 60%. The six industries of wood processing and furniture manufacturing, tobacco products, paper printing and cultural and educational sporting goods manufacturing are less than 50%. From the perspective of product types, consumer goods companies are less than 50%; raw materials and energy, intermediate goods and manufactured goods are higher than 50%. Among them, the production of finished products is high, reaching more than 60%.
The production index continued to fall, and the decline was narrowed. The production index for this month was 53.8%, down 1.5 percentage points from the previous month. Among the 20 industries, 5 industries such as wood processing and furniture manufacturing, tobacco products and metal products are less than 50%; the remaining 15 industries are higher than 50%, of which 6 are led by ferrous metal smelting and rolling processing industry. The industry has reached more than 60%, and the industry headed by is over 70%. In terms of product types, raw materials and energy and production of finished goods companies are higher, reaching about 60%; intermediate goods and consumer goods are lower, slightly higher than 50%.
The import index and the new export order index rose slightly. The import index for this month was 53.9%, up 0.9 percentage points from the previous month. Among the 20 industries, 14 industries are higher than 50%, among which chemical raw materials and chemical manufacturing, general equipment manufacturing, beverage manufacturing and other industries reach more than 60%; petroleum processing and coking industry is located at 50%; tobacco products industry The textile industry, clothing and footwear manufacturing and fur and down products industries are less than 50%. In terms of product types, households with consumer goods category are less than 50%; enterprises with raw materials and energy, intermediate products and manufactured goods are higher than 50%, of which raw materials and energy and manufactured goods are higher, reaching 60%. the above.
This month's new export orders index was 50.9%, up slightly by 0.2 percentage points from the previous month. Among the 20 industries, 13 industries are higher than 50%, among which non-ferrous metal smelting and rolling processing industries, special equipment manufacturing industries and other industries have reached more than 60%. Industries such as wood processing and furniture manufacturing, electrical machinery and equipment manufacturing, communications equipment computers and other electronic equipment manufacturing industries are below 50%. From the regional perspective, the central part is higher than 50%; the eastern and western parts are lower than 50%. In terms of product types, intermediate goods and consumer goods companies are less than 50%; raw materials and energy and production finished goods enterprises are higher than 50%.
The employee index is basically stable. This month's employee index was 48.9%, down 0.1 percentage point from the previous month. Among the 20 industries, the chemical fiber manufacturing and rubber plastic products industry, pharmaceutical manufacturing industry, metal products industry and other industries are higher than 50%; clothing and footwear manufacturing and fur down products, agricultural and sideline food processing and food manufacturing, beverage manufacturing, etc. The industry is below 50%. In terms of regions, the east and the middle are lower than 50%, and the west is slightly higher than 50%. From the perspective of enterprise product types, the raw materials and energy and production finished goods enterprises are higher than 50%; the intermediate goods and consumer goods enterprises are less than 50%.
The purchase price index remains high. The purchase price index for this month was 70.1%, up 0.8 percentage points from the previous month. In terms of industries, all of the 20 industries are higher than 50%. Among them, 10 industries led by petroleum processing and coking, textiles and metal products have reached more than 70%, and the industry led by them is higher than 80%. In terms of product types, raw materials and energy, intermediate goods and manufactured goods were higher, reaching more than 70%; domestic consumer goods companies were slightly lower, at 64.3%.
The China Manufacturing Purchasing Managers Index (PMI) indicates that the Manufacturing Purchasing Manager Survey draws 820 sample companies from national manufacturing companies and conducts monthly surveys of corporate purchasing managers.
The scope of the investigation involves 28 major categories of manufacturing in the National Economic Industry Classification (GB/T4754-2002), and each industry allocates sample enterprises according to their scale.
The questionnaire covered 11 issues including 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 separately for each question, which is the percentage of the number of companies that are responding positively plus half of the percentage of the answer.
PMI is a composite index calculated by weighting five diffusion indices (category indices). The five sub-indices and their weights are based on their prior impact on the economy. Specifically, it includes: new order index, weight is 30%; production index, weight is 25%; employee index, weight is 20%; supplier delivery time index, weight is 15%; raw material inventory index, right The number is 10%.
PMI is one of the internationally accepted macroeconomic monitoring indicator systems and plays an important role in monitoring and forecasting national economic activities. Usually 50% is the cut-off point of economic strength, PMI is higher than 50%, reflecting the expansion of the manufacturing economy; below 50% reflects the manufacturing recession.
(Article source: Hexun.com)
Judging from the sub-indices, the overall situation continued to decline, but the decline was significantly reduced. Compared with the previous month, the new export order index, backlog index, import index, and purchase price index increased slightly, within 1 percentage point; the remaining indexes fell, including production index, finished goods inventory index, raw material inventory index, The purchase volume index fell by a large margin, exceeding 1 percentage point. In particular, the purchase volume index and the raw material inventory index fell back, with a drop of more than 2 percentage points.
In the 20 industries this month, 14 industries including ferrous metal smelting and rolling processing, general equipment manufacturing, non-ferrous metal smelting and rolling processing industry were higher than 50%. The six industries of wood processing and furniture manufacturing, tobacco products, paper printing and cultural and educational sporting goods manufacturing are less than 50%. From the perspective of the type of enterprise registration, state-owned enterprises, Hong Kong, Macao and Taiwan investment enterprises and foreign-invested enterprises are less than 50%; limited liability companies and joint-stock companies are higher than 50%. In terms of product types, consumer goods companies are slightly below 50%; intermediate goods, raw materials and energy, and manufactured goods are more than 50%.
In response to the survey of manufacturing purchasing managers in February, special analyst Zhang Liqun said: "The PMI index continued to fall in February, and the downward trend has continued for four months, indicating that the economy is likely to continue to fall. But the PMI is still at 50. The above-mentioned level indicates that the economic decline will not be large. The new export order index will increase slightly, which may be related to the economic recovery of the US and Europe, and will not play an important role in the economic trend."
The new order index is basically stable. This month's new order index was 54.3%, down 0.6 percentage points from the previous month. Among the 20 industries, 14 industries are higher than 50%, among which the general equipment manufacturing industry, ferrous metal smelting and rolling processing industry, non-ferrous metal smelting and rolling processing industry and beverage manufacturing industry have reached more than 60%. The six industries of wood processing and furniture manufacturing, tobacco products, paper printing and cultural and educational sporting goods manufacturing are less than 50%. From the perspective of product types, consumer goods companies are less than 50%; raw materials and energy, intermediate goods and manufactured goods are higher than 50%. Among them, the production of finished products is high, reaching more than 60%.
The production index continued to fall, and the decline was narrowed. The production index for this month was 53.8%, down 1.5 percentage points from the previous month. Among the 20 industries, 5 industries such as wood processing and furniture manufacturing, tobacco products and metal products are less than 50%; the remaining 15 industries are higher than 50%, of which 6 are led by ferrous metal smelting and rolling processing industry. The industry has reached more than 60%, and the industry headed by is over 70%. In terms of product types, raw materials and energy and production of finished goods companies are higher, reaching about 60%; intermediate goods and consumer goods are lower, slightly higher than 50%.
The import index and the new export order index rose slightly. The import index for this month was 53.9%, up 0.9 percentage points from the previous month. Among the 20 industries, 14 industries are higher than 50%, among which chemical raw materials and chemical manufacturing, general equipment manufacturing, beverage manufacturing and other industries reach more than 60%; petroleum processing and coking industry is located at 50%; tobacco products industry The textile industry, clothing and footwear manufacturing and fur and down products industries are less than 50%. In terms of product types, households with consumer goods category are less than 50%; enterprises with raw materials and energy, intermediate products and manufactured goods are higher than 50%, of which raw materials and energy and manufactured goods are higher, reaching 60%. the above.
This month's new export orders index was 50.9%, up slightly by 0.2 percentage points from the previous month. Among the 20 industries, 13 industries are higher than 50%, among which non-ferrous metal smelting and rolling processing industries, special equipment manufacturing industries and other industries have reached more than 60%. Industries such as wood processing and furniture manufacturing, electrical machinery and equipment manufacturing, communications equipment computers and other electronic equipment manufacturing industries are below 50%. From the regional perspective, the central part is higher than 50%; the eastern and western parts are lower than 50%. In terms of product types, intermediate goods and consumer goods companies are less than 50%; raw materials and energy and production finished goods enterprises are higher than 50%.
The employee index is basically stable. This month's employee index was 48.9%, down 0.1 percentage point from the previous month. Among the 20 industries, the chemical fiber manufacturing and rubber plastic products industry, pharmaceutical manufacturing industry, metal products industry and other industries are higher than 50%; clothing and footwear manufacturing and fur down products, agricultural and sideline food processing and food manufacturing, beverage manufacturing, etc. The industry is below 50%. In terms of regions, the east and the middle are lower than 50%, and the west is slightly higher than 50%. From the perspective of enterprise product types, the raw materials and energy and production finished goods enterprises are higher than 50%; the intermediate goods and consumer goods enterprises are less than 50%.
The purchase price index remains high. The purchase price index for this month was 70.1%, up 0.8 percentage points from the previous month. In terms of industries, all of the 20 industries are higher than 50%. Among them, 10 industries led by petroleum processing and coking, textiles and metal products have reached more than 70%, and the industry led by them is higher than 80%. In terms of product types, raw materials and energy, intermediate goods and manufactured goods were higher, reaching more than 70%; domestic consumer goods companies were slightly lower, at 64.3%.
The China Manufacturing Purchasing Managers Index (PMI) indicates that the Manufacturing Purchasing Manager Survey draws 820 sample companies from national manufacturing companies and conducts monthly surveys of corporate purchasing managers.
The scope of the investigation involves 28 major categories of manufacturing in the National Economic Industry Classification (GB/T4754-2002), and each industry allocates sample enterprises according to their scale.
The questionnaire covered 11 issues including 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 separately for each question, which is the percentage of the number of companies that are responding positively plus half of the percentage of the answer.
PMI is a composite index calculated by weighting five diffusion indices (category indices). The five sub-indices and their weights are based on their prior impact on the economy. Specifically, it includes: new order index, weight is 30%; production index, weight is 25%; employee index, weight is 20%; supplier delivery time index, weight is 15%; raw material inventory index, right The number is 10%.
PMI is one of the internationally accepted macroeconomic monitoring indicator systems and plays an important role in monitoring and forecasting national economic activities. Usually 50% is the cut-off point of economic strength, PMI is higher than 50%, reflecting the expansion of the manufacturing economy; below 50% reflects the manufacturing recession.
(Article source: Hexun.com)
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