January PMI8 for the first month to drop PPI or hyper CPI

Seasonal factors affect manufacturing growth in January pmi55.8% for the first fall in 8 months. Experts predict January PPI increase will exceed CPI China Logistics and Purchasing Association 1st data show that the January China Manufacturing Purchasing Managers Index (PMI) is 55.8%, It fell 0.8% from last December, the first quarter-on-quarter retreat since May, but it is still 11 months above 50%.　　According to the National Bureau of Statistics, this shows that the overall manufacturing sector is on the rise, but the growth has narrowed. The PMI retreat has seasonal effects and, since 2005, China's January PMI has averaged 1.4% lower than the previous December, says Ha Jiming, chief economist at CICC.　　Overall, PMI is still high, showing that the fundamentals are still good. From the point of view, the January production index, the New Order index and the employee index fell, dragging down the overall PMI. In 20 industries, only chemical fiber manufacturing and rubber plastic products industry, non-ferrous metal smelting and calendering processing industry, non-metallic mineral Products Industry 3 industries are just below 50%, the remaining 17 industries are higher than 50%. Experts believe that the January beverage, medicine, clothing, cultural and educational sports and other consumer industry prosperity continued to improve, showing that consumption growth to maintain a steady momentum of the good.　　The industry's PMI, which is less than 50%, reflects, to some extent, the effect of a modest drop in investment growth since the four quarter last year. The import index for January was 53.4%, and the new export Order index was 53.2%, up 0.9 and 0.6% respectively from last month.　　Zhang, a researcher at the macroeconomic Department of the Development Research Center of the State Council, said that the new export order index was warmed up, indicating that China's exports may continue to improve and the contribution of exports to economic growth will rise. The January purchase price index continued to rebound, at 68.5%, above last month's 1.8%, the highest since August 2008. Raw materials, energy and intermediate category enterprises to buy the highest price index, more than 70%; consumer goods Enterprises buy index slightly lower. Ha forecast that January China's PPI rise will exceed the CPI. Zhang pointed out that the increase in the purchase price index means that the production costs of enterprises continue to increase, and higher costs and increased market competition may lead to a more serious development environment.