November China Manufacturing Purchasing Manager Index

China's manufacturing Purchasing Managers ' Index (PMI) was 55.2% in November 2010, up from 0.5% last month.　　　　Since March 2009, the index has been at a critical point of 21 consecutive months-more than 50% of the expansion range, indicating that China's manufacturing sector overall continued to show a steady increase in growth, the growth rate slightly faster than last month.　　Production indices, New order indices, stock indices for major raw materials continued to rise in the 5 classification indices that made up the manufacturing PMI in November 2010, while the employee index remained stable; The production index was 58.5%, up 1.4% from last month, and 22 consecutive months above the critical point, indicating a sharp rebound in manufacturing new orders since September, which has led to a steady increase in the volume of production and a further expansion this month. From the industry situation, tobacco manufacturing, electrical machinery and equipment manufacturing, transportation equipment manufacturing, textile and clothing, shoes and hats manufacturing and fur down products industry, pharmaceutical manufacturing industries such as the rapid growth of the chain; beverage manufacturing, petroleum processing and coking, ferrous metal smelting and calendering processing industry,　　The production of enterprises in papermaking and printing industry has come down obviously, and the production index of beverage manufacturing and papermaking and printing is below the critical point for two consecutive months. The New Order index of 58.3%, slightly up 0.1% from last month, continues to be located above the critical point, maintaining a running high of more than 58% for two consecutive months, indicating that the manufacturing market is still strong and that the future development of the manufacturing economy will be further strengthened. In the industry, the tobacco products industry, textile and clothing shoes and hats manufacturing and fur down products industry, transportation equipment manufacturing, electrical machinery and equipment manufacturing, pharmaceutical manufacturing, agricultural and foodstuff processing and food manufacturing, non-metallic mineral products industry, such as the number of new orders increased significantly; beverage manufacturing, textiles, Market demand for oil processing and coking industries has slowed.　　An export order index of 53.2%, a 0.6% increase from last month, has stabilized in the 52.2%-53.2% range for four consecutive months, indicating a steady growth in manufacturing export orders, the survey showed. The main raw material stock index was 49.7%, just above 0.2% last month, near the tipping point, indicating that inventories of major raw materials in the manufacturing sector remained normal, with little change compared to last month. From an industry perspective, ferrous metal smelting and rolling processing industry, textile and apparel footwear manufacturing and fur feather products industry, tobacco products industry, electrical machinery and equipment manufacturing, agricultural and sideline food processing and foodstuff manufacturing, non-metallic mineral products industry and other industries major raw materials inventory growth; textile, beverage manufacturing, petroleum processing and coking industry,　　Paper and printing industry, metal Products industry, pharmaceutical manufacturing, chemical fiber manufacturing and rubber plastic products industry, such as the main raw materials inventory fell. The employee index was 52%, slightly below last month's 0.1%, at the critical point, which has been running around 52% since July, indicating that manufacturing enterprisesDynamic demand continued to maintain a steady growth trend.　　From the industry situation, the electrical machinery and equipment manufacturing, agricultural and food processing and foodstuff manufacturing, transportation equipment manufacturing, textile and clothing, shoes and hats manufacturing, fur and feather products industry and other industries enterprises significantly increased employment, textile, paper and printing, beverage manufacturing industry and other industries for two consecutive months the number of enterprises to decline. Supplier Distribution Time Index of 48.9%, lower than last month 0.4%, continue to be located below the critical point, is the lowest since August 2008, indicating that the diesel, raw coal, cotton and other materials shortages, some areas of railway transport tension and other factors, this month, manufacturing raw materials supplier delivery time overall slowdown,　　The delivery period has been extended. The survey shows that since August, the main raw material purchase price index has climbed continuously, from 8 to November respectively 60.5%, 65.3%, 69.9% and 73.5%, the chain Rose 10.1, 4.8, 4.6, 3.6%, November is the highest point since July 2008. From an industry perspective, 20 sectors of the purchase price index is above the critical point, especially wood-processing wood and rattan palm grass products and furniture manufacturing, textile and apparel footwear manufacturing and fur and feather products have set up since 2005 to carry out Procurement Manager survey of the historical high, chemical fiber manufacturing and rubber plastic products industry, Oil processing and coking industry, chemical raw materials and chemical products manufacturing, non-ferrous metal smelting and rolling processing industry, such as raw materials purchase price chain rose significantly.　　Survey shows that in the past four months, domestic and foreign commodity prices continue to rise sharply, China's manufacturing enterprises are facing more severe cost pressures, while strong market demand, and further increase inflation expectations.　　This month, some of the companies surveyed reported that domestic diesel and other resources of raw materials shortage, so that the production capacity of enterprises to decline, to the entire supply chain operation Impact.　　China Manufacturing PMI index (seasonally adjusted) unit:% November 2010 October 2010 PMI55.254.7 Production 58.557.1 new orders 58.358.2 main raw Materials inventory 49.749.5 Employees 52.052.1 Supplier Distribution 48.949.3　　China manufacturing Purchasing Managers ' Index (PMI) explains the survey of manufacturing purchasing managers from the national manufacturing enterprises to take 820 sample enterprises, the Enterprise Procurement Manager monthly questionnaire survey.　　The scope of the survey covers 28 industries in the manufacturing industry in the National Economy Industry Classification (GB/T4754-2002), each of which is assigned a sample enterprise according to its scale proportion. The questionnaire involves 11 issues, such as production, new orders, export orders, existing orders, finished goods inventory, purchase quantity, import, purchase price, raw material inventory, employee, supplier delivery time, etc.　　For each problem, the diffusion index is calculated, that is, the percentage of the number of respondents to the positive answer plus half the percentage of the answer unchanged. PMI is a composite index, consisting of 5 diffusion indices (category indices)Weighted calculation. The 5 classification indices and their weights are determined by their degree of prior influence on the economy.　　This includes: New Order index, weights 30%, production index, weights 25%, employee index, weighting 20%, supplier distribution time index, weights 15%, raw material Inventory index, weighting is 10%. PMI is one of the international macroeconomic Monitoring Index system, which plays an important role in the monitoring and forecasting of national economic activities. Usually 50% as the dividing point of economic strength, PMI is higher than 50%, reflecting the economic expansion of the manufacturing sector, less than 50%, reflecting the manufacturing recession.