China's PMI Increased in May
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 51.1 percent, up by 0.1 percentage point month-on-month; that of medium-sized enterprises was 51.4 percent, up by 0.7 percentage point month-on-month; that of small-sized enterprises was 47.3 percent, down by 0.3 percentage point month-on-month.
In term of different areas, the PMI of eastern region and north-eastern region were 51.7 and 51.4 percent respectively, 0.9 and 0.6 percentage point higher than that of national level, and stayed above the threshold; that of central region and western region were 49.3 and 49.1 percent respectively, 1.5 and 1.7 percentage points lower than that of national level, and stayed below the threshold.
In May, among the five sub-indices composing PMI, three sub-indices increased, one sub-index kept at the same level, while that of the other one sub-index decreased.
Production index was 53.3 percent, increased 0.7 percentage point month-on-month, and was the main driving force to enhance PMI this month. In view of different industries, the production indices of 16 industries including manufacture of electrical machinery and equipment, manufacture of computer, communication equipment and other electronic equipment and manufacture of measuring instrument and meter, manufacture of railway locomotives, building of ships and boats, manufacture of air and spacecrafts and other transportation equipments, manufacture of general-purpose machinery, manufacture of chemical fibers and manufacture of rubber and plastics products etc. were above the threshold, and the production increased. The production indices of 5 industries including manufacture of motor vehicles, processing of food from agricultural products, manufacture of special-purpose machinery, manufacture of chemical raw material and chemical products etc. were below the threshold, and the production decreased.
New orders index was above the threshold, which was 51.8 percent, slightly increased 0.1 percentage point month-on-month. In view of different industries, the new orders indices of 13 industries including manufacture of electrical machinery and equipment, manufacture of computer, communication equipment and other electronic equipment and manufacture of measuring instrument and meter, manufacture of cigarettes and tobacco, manufacture of chemical fibers and manufacture of rubber and plastics products, manufacture of fabricated metal products etc. were above the threshold, and the market demand increased. The new orders index of processing of timbers and manufacture of furniture stayed at the threshold, and the product order quantity changed little compared with the previous month. The new orders indices of 7 industries including manufacture of motor vehicles, manufacture and processing of ferrous metals, manufacture of chemical raw material and chemical products 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 49.4 percent, increased 0.8 percentage point month-on-month, but still below the threshold; the import index was 50.3 percent, increased 1.6 percentage points month-on-month, and above the threshold.
Main raw materials inventory index was 47.6 percent, increased 0.1 percentage point over last month, and stayed below the threshold for four consecutive months. In view of different industries, the main raw materials inventory indices of 4 industries including manufacture of textile wearing apparel and ornament, manufacture of computer, communication equipment and other electronic equipment and manufacture of measuring instrument and meter, manufacture of chemical fibers and manufacture of rubber and plastics products, manufacture of cigarettes and tobacco were above the threshold, and the main raw materials inventory increased; the indices of 17 industries including processing of timbers and manufacture of furniture, processing of food from agricultural products, manufacture and processing of ferrous metals, manufacture of chemical raw material and chemical products etc. were below the threshold, and the main raw materials inventory decreased.
Employed person index was 48.8 percent, decreased 0.2 percentage point month-on-month. In view of different industries, the employed person indices of 4 industries including manufacture of computer, communication equipment and other electronic equipment and manufacture of measuring instrument and meter, manufacture of chemical fibers and manufacture of rubber and plastics products, manufacture of electrical machinery and equipment, manufacture of non-metallic mineral products 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, manufacture and processing of ferrous metals, manufacture of chemical raw material and chemical products etc. were below the threshold, and the employment decreased in various degrees.
Supplier delivery time index was 50.8 percent, kept at the same level over last month, and stayed above the threshold for three consecutive months.
Main raw material purchase price index was 45.1 percent, an increase of 5.0 percentage points month-on-month, but still significantly below the threshold. In view of different industries, the main raw material purchase price indices of 8 industries including manufacture of food, wines, beverage and refined tea, processing of food from agricultural products, manufacture of cigarettes and tobacco, manufacture of textile wearing apparel and ornament etc. were above the threshold, and the purchase cost of enterprises increased; that of 13 industries including manufacture and processing of ferrous metals, processing of petroleum and coking, manufacture of fabricated metal products, manufacture of chemical raw material and chemical products etc. were below the threshold.
Production and business activities expectation index was 56.3 percent, down by 3.0 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.
