February PMI fell for the third month in a row for 52.2%

-Our correspondent Han Xiaodong China Logistics and Purchasing Association 1st data showed that the February manufacturing Purchasing Managers Index (PMI) was 52.2%, lower than the 0.7% last month, a third consecutive month of decline, but 24 consecutive months in 50% of the boom above the critical point.　　The price index was 70.1%, rebounding for two consecutive months, and the upward pressure on manufacturing prices continued to show.　　Manufacturing PMI decline has narrowed recently, the relevant officials of the National Bureau of Statistics that the current manufacturing economy in China to maintain overall growth situation, the recent indicator correction may be affected by the spring holiday and other factors. The February production index, the New Order index of 53.8% and 54.3% respectively, were lower than last month. The official noted that the new Order index for the month was higher than the production index of 0.5%, indicating that the manufacturing economy expected to continue to be good. Index of imports and new export orders rose slightly.　　Haitong Securities Research report that the new export orders to stabilize the rebound and the recent economic upturn in the US and Europe, indicating high export growth momentum is expected to continue. The price index for major raw materials purchases in February was 70.1%, up 0.8% from last month.　　Among them, the textile purchase price index set a 2005-year procurement Manager to establish a new high, the oil processing and coking industry rose to more than 90% of the highest range. "The February PMI correction helped ease the market's fear of inflation. "Citic Securities chief macro analyst Jianfang that this round of inflation trend is facing a phased decline. It is expected that February industrial factory price (PPI) rose 6.7%, the chain Rose 0.1%, March may fall.