August China Manufacturing PMI 51.7%

China's Logistics and Purchasing Association (CFLP) released its China manufacturing Purchasing managers Index for the August 2010 51.7% August 2010, and the Chinese Logistics and Procurement Federation (CFLP) released the Chinese manufacturing Purchasing Managers ' Index (PMI) at 51.7%, up 0.5% from last month. The manufacturing PMI is a composite index, weighted by 5 major diffusion indices, according to the internationally-accepted approach.　　Usually the PMI index is above 50%, reflecting the overall expansion of the economy, below 50%, reflecting the recession. 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 the 20 industries this month, the metal products industry, petroleum processing and coking industry, telecommunications equipment, computer and other electronic equipment manufacturing industries 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%. In response to the August survey of manufacturing purchasing managers, Zhang Liqun, a special analyst, said: "A small rebound in the August PMI index indicates that China's economy will not see a deep correction." China's economic growth rate has fallen since the second quarter, and the market has caused widespread concern about the future trend of China's economy. From the demand factors supporting economic growth, the export of foreign trade has recovered strongly since this year, consumption growth is generally stable and investment growth has fallen, but the level of growth is still above 20%, supported by these factors, China's economic growth will not fall sharply in the future. The August PMI index changes support this judgment. It is necessary to pay attention to the large increase of purchase price index, which may put pressure on enterprise cost. The New Order index rebounded. The New Order index for this month is 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 this month was 53.1%, up 0.4% from last month. 20 industry, beverage systemManufacturing industry, Metal products industry, petroleum processing and coking industry and other industries reached more than 50%, non-metallic mineral Products industry, general equipment manufacturers, chemical fiber manufacturing and rubber plastic products industry and other industries less than 50%. New export order index picks up. This month the new export Order index 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 inventory index for finished goods this month was 46.9%, down 3% from last month. Sub-industry, in 20 industries, petroleum processing and coking, chemical fiber manufacturing and rubber plastic products industry, non-ferrous metal smelting and calendering processing industry and other industries above 50%; Tobacco products industry, wood processing and furniture manufacturing, general equipment manufacturing is located in 50%; Communication equipment computer and other electronic equipment manufacturing,　　Metal Products industry and other industries are below 50%. The purchase price index rebounded sharply. The price index for purchases this 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%.　　China manufacturing Purchasing Managers ' Index (PMI) explains the survey of manufacturing purchasing managers from the national manufacturing enterprises to take 820 sample enterprises, the Enterprise Procurement Manager monthly questionnaire survey.　　The scope of the survey covers 28 industries in the manufacturing industry in the National Economy Industry Classification (GB/T4754-2002), each of which is assigned a sample enterprise according to its scale proportion. The questionnaire involves 11 issues, such as production, new orders, export orders, existing orders, finished goods inventory, purchase quantity, import, purchase price, raw material inventory, employee, supplier delivery time, etc.　　For each problem, the diffusion index is calculated, that is, the percentage of the number of respondents to the positive answer plus half the percentage of the answer unchanged. PMI is a composite index, weighted by 5 diffusion Indices (classification indices). The 5 classification indices and their weights are determined by their degree of prior influence on the economy.　　This includes: New Order index, weights 30%, production index, weights 25%, employee index, weighting 20%, supplier distribution time index, weights 15%, raw material Inventory index, weighting is 10%. PMI is one of the international macroeconomic Monitoring Index system, which plays an important role in the monitoring and forecasting of national economic activities. Usually 50% as the dividing point of economic strength, PMI is higher than 50%, reflecting the economic expansion of manufacturing industry, less than 50%, reflecting the manufacturing economyRecession。