China's June PMI fell 1.8% from 52.1% quarter-on-quarter

Source: Internet
Author: User
Keywords PMI chain percent
China's Logistics and Purchasing Association 1st issued a June 2010 Chinese manufacturing Purchasing Manager index of 52.1%, down 1.8% from last month. According to the data, from the 11-item index, only the stock index of finished goods increased by 1.5% in comparison with last month;  Among them, the purchase price index fell to the biggest, reached 7.6%, import index and supplier distribution time index fell slightly, all within 1%. According to the survey of manufacturing purchasing managers in June, Zhang Liqun, a special analyst, concluded that the PMI index fell back in May and continued to fall in June, which could herald a smooth correction of China's economic growth rate, which would play an active role in increasing the stability and sustainability of economic development.  He said the drop in the new export Order index could herald a pullback in export growth, and a drop in the price index could herald a reduction in the cost pressures of companies. Overall, China's economic growth is in the critical period from the rise and stability, the new economic round of sustainable growth of the foundation is being formed, but still need to consolidate vigorously. 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. Comprehensive
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