• Categories:Industry News
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• Time of issue:2018-09-29 08:58
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(Summary description)China Federation of Logistics and Purchasing, the National Bureau of Statistics Service Industry Survey Center released data on the 1st, October manufacturing PMI back above the 50% Rong Kuk line, reported 50.2%, up 0.4 percentage points from the previous month. 
　　Cai Jin, vice president of the China Federation of Logistics and Purchasing, pointed out that the PMI is back above the Rong Kuk line, indicating that the economic stabilization and rebound trend has been consolidated, and the economy is expected to be in a mild rebound in the fourth quarter.
　　Zhang Liqun, a researcher at the Development Research Center of the State Council, also believes that the PMI index continues to maintain a rebounding trend and is slightly above the threshold of 50%, indicating that the economy has bottomed out and stabilized.
　　PMI usually takes 50% as the dividing point of economic strength and weakness, PMI above 50% reflects the expansion of manufacturing economy; below 50%, it reflects the contraction of manufacturing economy. Previously, China's manufacturing PMI has been below 50% for two consecutive months.
　　From the 11 sub-indexes, only the backlog of orders index fell, the rest of the indexes have rebounded to different degrees. Among them, the purchase volume index, raw material inventory index rose significantly, by more than 1 percentage point.
　　Specifically, the new orders index reported 50.4%, up 0.6 percentage points over the previous month; production index rose 0.8 percentage points to 52.1%; new export orders index, import index reported 49.3% and 48.4%, respectively, up 0.5 percentage points and 0.7 percentage points over the previous month; purchase price index reported 54.3%, up 3.3 percentage points.
　　By industry, the textile and apparel industry, wood processing and furniture manufacturing, computer communications and electronic equipment and instrumentation manufacturing, pharmaceutical manufacturing, non-metallic mineral products industry and other 14 industries above 50%; metal products industry, tobacco products industry, paper printing and education, physical and recreational products manufacturing and other 7 industries below 50%.
　　Zhang Liqun analysis said, the new orders index, new export orders index, purchase volume index continues to rise, reflecting the basic end of enterprise inventory activities; is expected to end the future economic growth retracement, a small rebound.