Last December, the National Manufacturing Purchasing Manager index rose markedly

Source: Internet
Author: User
Keywords Manufacturing raw materials tipping points
Tags continued demand economy higher higher than index market demand processing
In December 2009, the National Manufacturing Purchasing Managers ' Index (PMI) was 56.6%, higher than last month's 1.4%, the highest since May 2008, according to the China Logistics and Purchasing Association.  The index, which has been at a tipping point for 10 consecutive months-more than 50% per cent-shows that the overall manufacturing economy continues to rebound.  In December 2009, the 5 classification indices, which constituted the manufacturing PMI, were upgraded with the exception of the stock index of major raw materials. Production index of 61.4%, 2% higher than last month, 11 consecutive months at the critical point above, is the highest point since May 2008, indicating that manufacturing production continued to maintain a stable and rapid growth in the production volume of the chain continuously climbed.  From the industry, in addition to the tobacco products industry, chemical fiber manufacturing and rubber products industry, non-ferrous metal smelting and calendering processing industry, other industry production volume compared to last month, the growth is obvious. The New Order index is 61%, up 2.6% from last month, 11 consecutive months above the critical point, with the production index both rising to more than 60% of the operating high, indicating that the number of new orders in the manufacturing industry increased significantly, the market demand is rising. In the industry, the metal products industry, transportation equipment manufacturing, electrical machinery and equipment manufacturing, agricultural and food processing and foodstuff manufacturing, beverage manufacturing and other industries have strong growth in new orders, the tobacco products industry, chemical fiber manufacturing and rubber products industry market demand has eased.  The survey showed the export order index of 52.6%, continued to be above the tipping point, but fell 1% from last month, suggesting that manufacturing exports are still more resistant to uncertainties such as the slow recovery of the world economy. The main raw materials Inventory index of 51.4%, two consecutive months at the critical point, indicating that the main raw materials inventory of manufacturing continue to maintain growth.  From the industry, the metal products industry, ferrous metals smelting and calendering processing industry, agricultural and food processing and foodstuff manufacturing, pharmaceutical manufacturing, non-metallic mineral products industry, such as the main raw materials inventory increased significantly. The employee index, at 52.2%, was 1.1% higher than last month and placed above the tipping point for seven consecutive months, indicating that demand for manufacturing labour continued to rise, a slight increase from last month.  From the industry situation, the metal products industry, electrical machinery and equipment manufacturing, agricultural and food processing, as well as foodstuff manufacturing, beverage manufacturing industries, such as the growth of labor.  The Supplier Distribution Time index was 50.8%, up 0.4% from last month, indicating that the manufacturing raw material suppliers had a slightly faster delivery time than last month. The survey showed that the price index for major raw materials was 66.7%, up from 3.3% last month. The index has risen sharply for two consecutive months, hitting a record high of nearly 1.5, indicating that the purchase price of major raw materials in the manufacturing sector continues to rise on a month-on-month trend. In the industry, chemical raw materials and chemical products manufacturing, fiber manufacturing and rubber products, papermaking and printing, electrical machinery and equipment manufacturing, non-ferrous metal smelting and pressureDeferred processing industry, petroleum processing and coking industry, such as major raw materials purchase prices rose faster.   According to the survey, the production cost of manufacturing continued to increase, which affected the economic growth of the enterprises, because of the recent increase in the prices of commodities such as coal, petroleum, chemical products, non-ferrous metals, steel and other factors. National Manufacturing PMI Index (adjusted) December 2009 November 2009 PMI56.655.2 production 61.459.4 new orders 61.058.4 main raw Materials inventory 51.451.4 Employees 52.251.1 Supplier Distribution 50.850.4
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