China's Manufacturing Purchasing Managers' index f

In May, China's Manufacturing Purchasing Managers' index fell again

in May 2011, China's Manufacturing Purchasing Managers' index (PMI) was 52.0%, 0.9 percentage points lower than last month. Since March 2009, the index has been in the expansion range of more than 50% of the critical point for 27 consecutive months, indicating that China's manufacturing economy as a whole is still growing, but the growth rate is slowing down

in May 2011, the five sub indexes constituting the manufacturing PMI fell

the production index was 54.9%, down 0.4 percentage points from the previous month. The index has been above the critical point for 28 consecutive months since February 2009, indicating that the production of the manufacturing industry showed an overall growth trend, but the growth rate slowed down. From the perspective of the industry, the production of petroleum processing and coking industry, electrical machinery and equipment manufacturing industry, tobacco products industry, textile, clothing, shoes and hats manufacturing and fur and down products industry, non-ferrous metal smelting and calendering processing industry increased rapidly month on month; The production index of transportation equipment manufacturing, textile industry, pharmaceutical manufacturing, chemical fiber manufacturing, rubber and plastic products industry and other industries is below the critical point, and the production volume is lower than that of the previous month

the new order index was 52.1%, down 1.7 percentage points from the previous month, falling to the lowest value since August 2010, and still above the critical point. The number of new orders in the manufacturing industry increased moderately, and the growth of domestic and foreign market demand slowed down. From the perspective of the industry, whether the heating system, temperature control and various appearances of the petroleum processing and coking industry, electrical machinery and equipment manufacturing industry, textile, clothing, shoes and hats manufacturing industry and fur and down products industry are solid; There is strong market demand in industries such as low-speed trial operation of empty auxiliary vehicles, tobacco products industry and beverage manufacturing industry, and new orders of enterprises are growing rapidly; On the one hand, the textile industry and transportation equipment are more and more involved in the development process of new products and new processes, including manufacturing and chemical fiber. This paper analyzes and compares various manufacturing and rubber and plastic products industries, which have been below the critical point for two consecutive months, and the number of new orders has continued to fall. The survey showed that the export order index was 51.1%, down 0.2 percentage points from the previous month

the inventory index of main raw materials was 49.5%, 2.5 percentage points lower than that of the previous month, falling below the critical point. From the perspective of the industry, the inventory of main raw materials in textile, clothing, shoes and hats manufacturing, fur and down products industry, wood processing, wood bamboo, rattan, palm and grass products and furniture manufacturing, agricultural and sideline food processing and food manufacturing, pharmaceutical manufacturing and other industries is on the rise; Inventories of major raw materials in the metal products industry, chemical raw materials and chemical products manufacturing industry, textile industry, chemical fiber manufacturing and rubber and plastic products industry fell month on month

the employment index was 50.9%, down 0.9 percentage points from the previous month, and above the critical point for three consecutive months, indicating that the demand for manufacturing labor on the other hand increased slightly, but the growth rate slowed down. In terms of industry conditions, the employment volume of enterprises in textile, clothing, shoes and hats manufacturing, fur and down products industry, electrical machinery and equipment manufacturing, special equipment and instruments, cultural office machinery manufacturing and other industries has increased; The index of employees in metal products industry, textile industry and other industries is below the critical point, and the number of employees decreases month on month

the supplier delivery time index was 49.9%, 0.7 percentage points lower than the previous month, falling back to the critical point, indicating that the delivery time of manufacturing suppliers had little change compared with the previous month

the purchase price index of main raw materials was 60.3%, 5.9 percentage points lower than that of the previous month, the largest monthly decline in ten months, but the purchase price of main raw materials in the manufacturing industry was still high, and the production cost of enterprises remained high. In terms of industries, the purchase price index of pharmaceutical manufacturing, chemical raw materials and chemical products manufacturing, non-metallic mineral products industry, petroleum processing and coking industry is still at a high level of more than 70%, and the purchase price of main raw materials rises rapidly; The purchase price index of main raw materials in chemical fiber manufacturing, rubber and plastic products industry and textile industry fell below the critical point, and the purchase price fell back

China manufacturing PMI index (seasonally adjusted)

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China Manufacturing Purchasing Manager Index (PMI) description

Manufacturing Purchasing Manager Survey 820 sample enterprises from manufacturing enterprises across the country were selected to conduct a monthly questionnaire survey on enterprise purchasing managers

the survey covers 28 industry categories of manufacturing industry in the national economic industry classification (gb/t), and each industry is allocated sample enterprises according to its scale proportion

the questionnaire involves 11 questions, such as production volume, new orders, export orders, existing orders, finished product inventory, purchase volume, import, purchase price, raw material inventory, employees, supplier delivery time, etc. Calculate the diffusion index for each question, that is, the percentage of enterprises with positive answers plus half of the percentage with unchanged answers

pmi is a comprehensive index, which is weighted by five diffusion indexes (sub indexes). The five sub indexes and their weights are determined according to their prior impact on the economy. Specifically, it includes: new order index, with a weight of 30%; Production index, with a weight of 25%; Employee index, with a weight of 20%; Supplier delivery time index, with a weight of 15%; Raw material inventory index, with a weight of 10%

pmi is one of the internationally accepted macroeconomic monitoring index systems, which plays an important role in the monitoring and prediction of national economic activities. Generally, 50% is taken as the dividing point of economic strength. When PMI is higher than 50%, it reflects the economic expansion of manufacturing industry; Less than 50% reflects the recession of the manufacturing industry