China FPI Index Report in Jan. 2014

By CnAgri2014-03-11 09:38:23 Print According to FPI30 index and FPI flooring index report released by State Forestry Administration International Trade Research Centre, FPI index registered 45.7%, down 13.8% from last month. 2 out of 5 subindexes of FPI30 index rose and the other 3 declined. FPI30 index suggested the production of superior forest products enterprises represented by FPI30 shrank in Jan. 2014 influenced by Spring Festival. In general, orders from domestic customers declined substantially, inventory of raw materials increased, labor amounts declined and suppliers’ delivery accelerated.
　　　
　　　FPI flooring index registered 45%, down 12.7% from last month, indicating the production of superior forest products enterprises represented by FPI flooring index shrank in Jan. 2 out of 5 subindexes of FPI index rose and the other 3 declined. Orders of enterprises represented by FPI flooring index decreased, international demand declined, inventories of raw materials rose, labor amounts decreased substantially from last month and suppliers’ delivery accelerated.
　　　
　　　In overall, FPI index was in line with China PMI index in Jan. and comprehensive index dropped. Influenced by production reduction around Spring Festival and workers returning back, China PMI index saw slow growth of 50%, signifying China economy growth kept stable. But FPI index saw great decline due to the higher insensitivity of forest products industry on Spring Festival. Therefore, superior forest products enterprises saw a stable growth in Jan.   

From “China Wood Market Monthly Report”