China's PMI Was 51.0 Percent in August
By CnAgri
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Department of Service Statistics of NBS
China Federation of Logistics and Purchases (CFLP)
In August, China's manufacturing purchasing managers index (PMI) was 51.0 percent, up by 0.7 percentage point month-on-month, and positioned above the threshold for 11 consecutive months.
In view of the sizes of enterprises, the PMI of large-sized enterprises was 51.8 percent, up by 1.0 percentage point month-on-month; that of medium-sized enterprises was 49.6 percent, kept at the same level over last month; that of small-sized enterprises was 49.2 percent, down by 0.2 percentage point month-on-month.
In August, the five sub-indices composing PMI all increased.
Production index was 52.6 percent, increased 0.2 percentage point month-on-month.
New orders index was 52.4 percent, increased 1.8 percentage points month-on-month. In addition, the survey results showed that new export orders index which reflects the situation of foreign trade of manufacturing was 50.2 percent, increased 1.2 percentage points month-on-month, returned above the threshold; the import index was 50.0 percent, increased 1.6 percentage points month-on-month, and stayed at the threshold.
Main raw materials inventory index was 48.0 percent, increased 0.4 percentage point over last month, still below the threshold.
Employed person index was 49.3 percent, increased 0.2 percentage point month-on-month.
Supplier delivery time index was 50.4 percent, 0.3 percentage point higher than that in last month.
Open orders index was 44.8 percent, slightly increased 0.1 percentage point over last month, and stayed below the threshold.
Finished goods inventory index was 47.6 percent, increased 0.3 percentage point over last month, and stayed below the threshold.
Purchase quantity index was 52.0 percent, 2.0 percentage points higher than that in last month, and rose above the threshold.
Main raw material purchase price index was 53.2 percent, an increase of 3.1 percentage points month-on-month, and stayed above the threshold for two consecutive months.
Production and business activities expectation index was 59.4 percent, up by 3.0 percentage points over last month, continued the sharply upward march of last month.
