October China Manufacturing purchasing Manager index steadily rose

China's manufacturing Purchasing Managers ' Index (PMI) was 54.7% in October 2010, up from 0.9% last month.　　　　Since March 2009, the index has been at a critical point-more than 50% of the expansion interval for 20 consecutive months, indicating that China's manufacturing economy has continued to maintain a steady growth trend, and the growth rate has accelerated.　　In October 2010, the index of production index, New Order index and main raw material inventory were upgraded to different degrees in the 5 classification indices that made up the manufacturing PMI, and the employee index and supplier distribution time index fell back. The production index of 57.1%, which was 0.7% higher than last month and located above the critical point for 21 consecutive months, showed that manufacturing enterprises continued to maintain a steady growth in production, with a slight increase. From the industry situation, transportation equipment manufacturing, general equipment manufacturing, petroleum processing and coking industry, chemical raw materials and chemical products manufacturing industries, such as the growth of the chain significantly; tobacco manufacturing, beverage manufacturing, paper and printing, metal products, non-metallic mineral products industry,　　The production index of nonferrous metal smelting and rolling processing industry has fallen below the critical point, and the production volume of the enterprises has decreased significantly. The New Order index of 58.2%, 1.9% higher than last month, continued to be located above the critical point, the index has been steadily rising for three consecutive months, and higher than the production index, indicating that the number of new orders in the manufacturing industry to maintain growth, faster growth, market demand is stronger, the future development of the manufacturing industry Divided industry to see, oil processing and coking industry, pharmaceutical manufacturing, textile and apparel shoes and hats manufacturing and fur down products industry, transportation equipment manufacturing, chemical raw materials and chemical products manufacturing, general equipment manufacturing industries, such as the rapid growth of new orders in the chain, and in order to meet the needs of production and market demand, corporate procurement activities more active , the number of new orders in the tobacco products industry, the beverage manufacturing sector, the paper and printing industry and the metal products industry declined.　　The survey showed an export order index of 52.6% per cent, which was roughly unchanged from last month, suggesting growth in foreign demand is levelling off as domestic demand picks up. The main raw material stock index, at 49.5%, rose slightly by 0.4% per cent last month but remains below the critical point, indicating that inventories of major raw materials in the manufacturing sector continued to shrink, but slightly narrowed.　　From an industry perspective, non-metallic mineral products industry, agricultural and sideline foods processing and food manufacturing, tobacco products industry, wood processing wood bamboo rattan palm grass products and furniture manufacturing industries, such as the main raw materials inventory growth, textile, pharmaceutical manufacturing, metal products, chemical fiber manufacturing and rubber plastic products industry, such as raw materials inventory of the chain decline. The employee index of 52.1%, slightly below last month's 0.3%, was placed above the critical point for eight consecutive months, indicating a further increase in labor demand in manufacturing companies. From the perspective of industry, transportation equipment manufacturing, special equipment manufacturing and instrumentation culture Office machinery Manufacturing, electrical machinery and equipment manufacturing, textile and clothing, shoes and hats manufacturing and fur down products industry, general equipment systemLabor demand in industries such as manufacturing and pharmaceutical industry has increased markedly, and the number of practitioners in the beverage manufacturing, textile, metal Products, papermaking and printing industry has decreased by a quarter.　　Supplier Distribution Time index is 49.3%, below the last month 1.1%, fell below the critical point, indicating that the manufacturing raw material supplier delivery time slowed down. The survey showed that the price index for the main raw materials was 69.9%, up 4.6% from last month, and has climbed for three consecutive months, the highest point since the second half. In terms of industry, the purchase price indices for 20 sectors are above the tipping point, especially in the textile industry, which has set a new high since 2005, when purchasing managers surveyed.　　According to the investigation, the production cost pressure of the manufacturing enterprises has been greatly increased, the profit space of the enterprises has been compressed, and the supply of some raw materials has been strained, which has affected the normal production.　　National Manufacturing PMI index (seasonally adjusted) unit:% October 2010 September 2010 PMI54.753.8 Production 57.156.4 new orders 58.256.3 main raw Materials inventory 49.549.1 Employees 52.152.4 Supplier Distribution 49.350.4　　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, weighted by 5 diffusion Indices (classification indices). 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.