January PMI Fall 1%

"Financial network," reporter Pan Ying February 1, China's Logistics and Procurement Association issued the Chinese Manufacturing Purchasing Managers Index (PMI) is 52.9%, the chain fell 1%. From the point of view of the various indices, the overall appearance of a drop in trend. In comparison with December 2010, the volume index, import index, purchase price index and raw material inventory index rose, with import indices and purchase price indices rising by more than 2%, while the remaining indices declined in varying degrees.　　Among them, the production index, the new export Order index, the backlog order index, the employee index fell more than 2%, especially the backlog order index fell most significantly, fell 4.2%. Zhang, a special analyst with the China Logistics and Purchasing Association, said: "The January PMI index continued to fall after the year December, suggesting that the recent trend of economic stabilisation is unclear and that the potential for further correction is lurking." The new export order index fell, the purchase price index continued to improve, indicating that the enterprise orders reduced and the cost of pressure to increase, enterprises face greater difficulties. Comprehensive view of the current economic operation is still in a state of adjustment, the future trend is not clear. The official analysis of the China Logistics Information Center, which is responsible for PMI data analysis, said that the January production index accelerated back down, indicating a narrowing of the later fall in space. In the last two months, due to the continuous decline in production growth, finished goods inventory was significantly reduced. This month's Finished goods inventory index was 47.9%, down 0.8% from last month, the month since October last year, which shows that the enterprise to inventory process faster, later will increase replenishment requirements. At the same time, from the procurement index, raw material inventory index, the rise is also more obvious this month, reflecting the production enterprises are also in order to speed up the production of early preparation. Structural differences in the industrial sector will widen further.　　The main performance is that in the process of speeding up the upgrading of traditional manufacturing industry and the development of new strategic industries, the development of equipment manufacturing industry will continue to accelerate; the production of energy and raw materials continues to slow down, influenced by the adjustment of industrial structure and energy saving and emission reduction. Logistics Information Center also pointed out that, from the purchase price index, the current price increases with the upstream and downstream linkage transmission fast, and so on, and so on, and so on, prices easy to fall, in order to control inflation increased difficulties. In addition, recently, the textile industry, furniture manufacturing, glass and cement and other non-metallic mineral products production growth has fallen significantly. These industries and real estate related to a higher level, in the country continue to strengthen the real estate control background, may reflect the current situation of real estate development worries rising. The late real estate market trend is worthy of close attention.