China's PMI Decreased in April
By CnAgri
Print
Department of Service Statistics of NBS
China Federation of Logistics and Purchases (CFLP)
In view of the sizes of enterprises, the PMI of large-sized enterprises was 51.0 percent, down by 0.4 percentage point month-on-month; that of medium-sized enterprises was 50.7 percent, up by 0.4 percentage point month-on-month; that of small-sized enterprises was 47.6 percent, down by 1.7 percentage points month-on-month.
In term of different areas, the PMI of eastern region was 51.3 percent, 0.7 percentage point higher than that of national level, and significantly better than the other regions; that of western region was 50.1, 0.5 percentage point lower than that of national level; that of central region and north-eastern region were both 49.6 percent, 1.0 percentage point lower than that of national level, and decreased below the threshold.
In April, among the five sub-indices composing PMI, four sub-indices decreased, one sub-index kept at the same level.
Production index was above the threshold, which was 52.6 percent, slightly decreased 0.1 percentage point month-on-month, which indicating that manufacturing production kept expanding, while the growth slightly slowed down. In view of different industries, the production indices of 13 industries including manufacture of electrical machinery and equipment, manufacture of textile, manufacture of non-metallic mineral products, manufacture of chemical fibers, manufacture of rubber and plastics products etc. were above the threshold, and the production increased. The production index of manufacture and processing of non-ferrous metals stayed at the threshold, and the production changed little compared with the previous month. The production indices of 7 industries including processing of petroleum and coking, processing of food from agricultural products, manufacture and processing of ferrous metals, manufacture of food, wines, beverage and refined tea etc. were below the threshold, and the production decreased.
Production index was 51.7 percent, decreased 0.6 percentage point month-on-month, and positioned above the threshold for 7 consecutive months, which indicating that the manufacturing products order quantity continued to grow, but the amount of increase narrowed. In view of different industries, the production indices of 15 industries including manufacture of electrical machinery and equipment, manufacture of non-metallic mineral products, manufacture of textile, manufacture of chemical fibers, manufacture of rubber and plastics products etc. were above the threshold, and the market demand increased; the new orders indices of 6 industries including processing of petroleum and coking, processing of food from agricultural products, manufacture and processing of ferrous metals etc. were below the threshold, and the market demand dropped back. The survey results showed that foreign new orders index which reflects the situation of foreign trade of manufacturing was 48.6 percent, decreased 2.3 percentage points month-on-month, and dropped below the threshold, which indicating that the amount of exports of manufactured goods turned to decrease from increase; the import index was 48.7 percent, decreased 0.2 percentage point month-on-month, and still stayed below the threshold, which indicating that the imports of raw materials used in the production of the manufacturing continued to decrease.
Main raw materials inventory index was 47.5 percent, remained at the same level over last month, and stayed below the threshold for three consecutive months, which indicating that the raw materials inventory continued to decrease. In view of different industries, the main raw materials inventory indices of 4 industries including manufacture of fabricated metal products, manufacture of electrical machinery and equipment, manufacture of computer, communication equipment, other electronic equipment, measuring instrument and meter, manufacture of food, wines, beverage and refined tea were above the threshold, and the main raw materials inventory increased; the index of processing of timbers and manufacture of furniture stayed at the threshold, and the main raw materials inventory kept at the same level over last month; the indices of 16 industries including manufacture and processing of ferrous metals, manufacture of chemical raw material and chemical products, manufacture and processing of non-ferrous metals, manufacture of cigarettes and tobacco etc. were below the threshold, and the main raw materials inventory decreased.
Employed person index was 49.0 percent, decreased 0.8 percentage point month-on-month. In view of different industries, the employed person indices of only 4 industries including manufacture of electrical machinery and equipment, manufacture of computer, communication equipment, other electronic equipment, measuring instrument and meter, manufacture of chemical fibers, manufacture of rubber and plastics products, manufacture of textile, were above the threshold, and the employment increased. The employed person indices of 17 industries including manufacture of railway locomotives, building of ships and boats, manufacture of air and spacecrafts and other transportation equipments, manufacture of cigarettes and tobacco, processing of food from agricultural products, manufacture of chemical raw material and chemical products etc. were below the threshold, and the employment decreased in varying degrees.
Supplier delivery time index was 50.8 percent, 0.3 percentage points lower month-on-month, and continued to stay above the threshold, which indicated that the manufacturing supplier delivery time accelerated over last month.
Main raw material purchase price index was 40.1 percent, a sharp decrease of 10.5 percentage points month-on-month, and dropped below the threshold, which indicating that the raw material purchase price of manufacturing turned to decrease from increase, and the decline was significant. Among 21 industries, only the main raw material purchase price index of manufacture of food, wines, beverage and refined tea were above the threshold, and the purchase cost of enterprises increased; the main raw material purchase price indices of the other 20 industries were below the threshold, of which the raw material purchase price of processing of petroleum and coking, manufacture and processing of ferrous metals, manufacture of chemical fibers, manufacture of rubber and plastics products, manufacture of electrical machinery and equipment, manufacture and processing of non-ferrous metals experienced a larger decline.
Production and business activities expectation index was 59.3 percent, down by 6.2 percentage points over last month, indicating that a lower proportion of manufacturing enterprises were optimistic for the production and business activities expectation within the next three months.
