China's manufacturing purchasing managers index was 53.4% ​​in March

In March 2011, the China Manufacturing Purchasing Federation released China's Manufacturing Purchasing Managers Index (PMI) at 53.4%, a year-on-year increase of 1.2%. The PMI index rebounded this month with certain seasonal characteristics. Compared with the same period of previous years, the recovery rate was relatively flat. It shows that China's economy is currently in the expected direction of macro-control, but at present, this trend of steady economic growth still needs to be further consolidated.

From each sub-index, the overall trend showed a slight rebound. Compared with the previous month, the purchasing volume index, the import index, and the purchase price index fell, among which the latter two indices fell nearly 2 percentage points; the remaining indices increased, with the backlog index and the finished goods inventory index increasing significantly. More than 4 percentage points.

Of the 20 industries in the month, wood processing and furniture manufacturing, paper printing and cultural and educational sporting goods manufacturing, ferrous metal smelting and rolling processing, petroleum processing and coking industries were lower than 50%. The remaining 16 industries were More than 50%, of which electrical machinery and equipment manufacturing is the highest, reaching more than 60%. In terms of product types, raw materials and energy companies are less than 50%, and intermediate goods, consumer goods, and production-use products are higher than 50%.

In response to the survey of manufacturing purchasing managers in March, Zhang Liqun, a special analyst, analyzed that: “After a three-month pullback, the PMI index rebounded this month, which is consistent with the current steady economic growth trend. However, investment growth in January-February With a high level of stability, both export and consumption growth are declining, and the growth in total demand is declining.If inventory adjustments occur in the future, economic growth will still have a tendency to decline.The new export order index will increase, the purchase price index will decrease, and business operations will be reduced. It's positive, but it needs to be observed."

The new orders index picked up. The new order index for this month was 55.2%, which was a 0.9% increase from the previous month. From the perspective of industry, wood processing and furniture manufacturing, petroleum processing and coking industries are less than 50%, electrical machinery and equipment manufacturing, general equipment manufacturing, nonferrous metal smelting and rolling processing industries are more than 50%. In terms of product types, raw materials and energy companies are less than 50%, and intermediate goods, consumer goods, and manufacturing-use products are more than 50%. Among them, the highest number of companies producing finished products reached more than 60%.

The production index rose. The monthly production index was 55.7%, which was a 1.9 percentage point increase from the previous month. In terms of different industries, wood processing and furniture manufacturing, petroleum processing and coking industries are less than 50%; electrical machinery and equipment manufacturing, nonferrous metal smelting and rolling processing, transportation equipment manufacturing and other industries are over 50% . In terms of sub-regions, it is higher than 50% in the eastern, central and western regions. Among them, the highest in the west reached more than 58%. In terms of product types, raw materials and energy companies are less than 50%; intermediate products, consumer goods and finished products are more than 50%.

The import index fell and the new export order index rose. The monthly import index was 52.0%, down 1.9 percentage points from the previous month. In terms of different industries, the general equipment manufacturing industry, electrical machinery and equipment manufacturing, communications equipment, computers and other electronic equipment manufacturing industries are more than 50%; pharmaceutical manufacturing, chemical raw materials and chemical products manufacturing, metal products, petroleum The processing and coking industry, chemical fiber manufacturing and rubber and plastic products industries are less than 50%.

The new export order index for the month was 52.5%, which was a 1.6 percentage point increase from the previous month. In terms of different industries, the general equipment manufacturing industry, tobacco products industry, electrical machinery and equipment manufacturing industries are more than 50%, and the beverage manufacturing industry, non-metal mineral products industry, and pharmaceutical manufacturing industries are less than 50%. In terms of product types, raw materials and energy companies are lower than 50%, and intermediate goods, consumer goods and finished products are higher than 50%.

The staff index rebounded significantly. The staff index for this month was 51.8%, up 2.9 percentage points from the previous month. In terms of different industries, the metal products industry, clothing and footwear manufacturing, fur and feather products, electrical machinery and equipment manufacturing industries are higher than 50%; the ferrous metal smelting and rolling processing industry, general equipment manufacturing, and textile industries are lower than others. 50%. From the point of view of the types of enterprise products, raw materials and energy companies are less than 50%, and intermediate goods, consumer goods, and production-use products are higher than 50%.

The purchase price index has declined. The purchase price index for this month was 68.3%, down 1.8 percentage points from the previous month. In terms of sub-industries, all of the 20 industries are higher than 50%, of which 10 industries led by the metal products industry, petroleum processing and coking industry have reached more than 70%, and the industry led by the industry is higher than 80%. From the point of view of product types, the highest number of finished products in production is over 70%, while those of raw materials and energy, intermediate goods and consumer goods are slightly lower, but also higher than 60%.

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