China's PMI Was 51.4 Percent in November
By CnAgri
Print
Department of Service Statistics of NBS
China Federation of Logistics and Purchases (CFLP)
In November, China's manufacturing purchasing managers index (PMI) was 51.4 percent, remained at the same level over last month, which was a high point since May 2012, and had stayed above the threshold for 14 consecutive months, indicating that the manufacturing economy of China was stable and held up well.
In view of the sizes of enterprises, the PMI of large-sized enterprises was 52.4 percent, slightly increased 0.1 percentage point month-on-month, continued to stay above the threshold, and was the highest point in 19 months; that of medium-sized enterprises was 50.2 percent, kept at the same level over last month, and had stayed above the threshold for 2 consecutive months; that of small-sized enterprises was 48.3 percent, down by 0.2 percentage points month-on-month, continued to position below the threshold, and had declined slightly four 4 consecutive months.
In November, among the five sub-indices composing PMI, two sub-indices increased, while that of the other three sub-indices decreased.
Production index was 54.5 percent, slightly increased 0.1 percentage point month-on-month, having risen for 5 consecutive months, and reached the highest point since May 2012.
New orders index was 52.3 percent, down by 0.2 percentage points month-on-month. The survey results showed that new export orders index which reflects the situation of foreign trade of manufacturing was 50.6 percent, increased 0.2 percentage points month-on-month, having stayed above the threshold for 4 consecutive months; the import index was 50.5 percent, increased 0.5 percentage point month-on-month.
Main raw materials inventory index was 47.8 percent, decreased 0.8 percentage points over last month, and continued to stay below the threshold.
Employed person index was 49.6 percent, increased 0.4 percentage points month-on-month, and was the highest point in 8 months.
Supplier delivery time index was 50.6 percent, decreased 0.2 percentage points over last month, and continued to stay above the threshold.
Open orders index was 45.3 percent, decreased 0.2 percentage points over last month, and stayed below the threshold.
Finished goods inventory index was 47.9 percent, increased 2.3 percentage points over last month, and stayed below the threshold.
Purchase quantity index was 53.6 percent, 0.9 percentage point higher than that in last month, and stayed above the threshold for 4 consecutive months.
Main raw material purchase price index was 52.5 percent, a decrease of 0.8 percentage points month-on-month, and had dropped back for 2 consecutive months.
Production and business activities expectation index was 54.9 percent, and dropped 2.6 percent points over last month.
