51.7% August Manufacturing PMI picks up slightly

China Certificate of Logistics and Purchasing Association 1st data showed that the August manufacturing Purchasing Managers Index (PMI) was 51.7%, higher than last month's 0.5%, which was the first rebound after a three-month decline, and continued to be located at 50% above the critical point of the boom, indicating that China's manufacturing sector is still growing overall. From the 11-item index, it shows a steady and slightly rising basic situation. Compared to last month, production index, New Order index, new export order index, backlog index, purchase price index, supplier distribution time index rose, including New Order index, new export order index, backlog index, purchase price index increased by more than 1%, in particular, the largest increase in price index, Reached 10.1%.　　Finished product inventory index, purchase index, import index, raw material inventory index, the employee index fell, the finished product inventory index fell to 3%, the rest of the index fell by less than 1%. In 20 industries, the metal products industry, petroleum processing and coking industry, telecommunications equipment, computer and other electronic equipment manufacturing industry to achieve more than 50%; Non-metallic mineral Products industry, transportation equipment manufacturing, chemical fiber manufacturing and rubber plastic products industry, textile industry and other industries less than 50%. In the subregion, the east, the middle and the west are above 50%, between 50.3% and 52.6%.　　From the type of products, raw materials and energy, consumer goods and production of manufactured goods enterprises above 50%, intermediate category enterprises are slightly below 50%. The index of new orders rebounded in August, as seen from the sub-item. The New Order index for the month was 53.1%, up 2.2% from last month.　　In 20 industries, agricultural and sideline products processing and food manufacturing, petroleum processing and coking, special equipment manufacturing, beverage manufacturing, tobacco products industry and other industries are above 50%; Transportation equipment manufacturing, pharmaceutical manufacturing, wood processing and furniture manufacturing, chemical fiber manufacturing and rubber plastics, textile industry, less than 50%. The production index steadily rose slightly. The production index for the month was 53.1%, up 0.4% from last month.　　20 Industries, beverage manufacturing, metal Products industry, petroleum processing and coking industry and other industries to achieve more than 50%, non-metallic mineral Products industry, general equipment manufacturing, chemical fiber manufacturing and rubber plastic products industry and other industries less than 50%. New export order index picks up. The new export Order index for the month was 52.2%, up 1% from last month. In 20 industries, the metal products industry, special equipment manufacturing industry, tobacco products industry, wood processing and furniture manufacturing industries are above 50%.　　Chemical fiber manufacturing and rubber plastic products industry, ferrous metal smelting and rolling processing, non-ferrous metal smelting and calendering processing industry less than 50%. The inventory index of finished goods continued to decline and the decline widened. The monthly production inventory index was 46.9%, down 3% from last month. Sub-industry, in 20 industries, petroleum processing and coking, chemical fiber manufacturing and rubber plastic products, non-ferrous metal smelting and calenderingProcessing industry and other industries are above 50%, tobacco products industry, wood processing and furniture manufacturing, general equipment manufacturing is located in 50%, communications equipment, computer and other electronic equipment manufacturing, metal products industry and other industries are less than 50%. The purchase price index rebounded sharply. The purchase price index for the month was 60.5%, up 10.1% from last month. In the 20 sectors, only the oil processing and coking industries are below 50%, while the rest are above 50%, with 11 of them reaching 60% per cent. In terms of product types, intermediate goods and consumer goods enterprises have reached more than 60%, raw materials and energy and production of manufactured goods enterprises slightly lower, respectively, 59.1% and 57.2%.