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November 1 morning News China Logistics and Purchasing Association announced in Sunday, the October macroeconomic indicators of the official manufacturing Purchasing Managers Index (PMI) was 55.2, higher than last month's 54.3, the fifth consecutive month, and the rise has accelerated. The manufacturing PMI is a composite index, weighted by 5 major diffusion indices, according to the internationally-accepted approach. Usually the PMI index is above 50%, reflecting the overall expansion of the economy, below 50%, reflecting the recession. China's manufacturing PMI index has continued to rise overall this month, and the rally has accelerated. In terms of the index, the stock index of finished goods, the purchase price index, the employee index and the supplier distribution time index fell, while the remaining indices rose more markedly, more than 1% per cent, with the largest increase in the import index, to 2.1%. Among the four declines, the finished product inventory index fell by a large 2.1%, with the rest falling less than 1% per cent. After several months of continuous recovery, currently, China's manufacturing PMI index has basically recovered to the normal level before May last year, which shows that under the effect of a series of "Guaranteed growth" macro-control policies, the current Chinese economy has basically ironed out the abnormal fluctuations brought by the international financial crisis, and will move towards a new stable and fast development track in the future
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