NEWS CENTER

March PMI shows that China's economic operation shows a steady upward trend


Release time:

Apr 02,2013

Core tip: the purchasing manager index (PMI) of China's manufacturing industry in March 2013 released by the China Federation of logistics and purchasing and the service industry survey center of the National Bureau of statistics was 50.9, up 0.8 percentage points from the previous month. The index remained above 50% for six consecutive months. With the exception of a few indices, the major sub-indices are now picking up. Experts from the China Logistics Information Center analyzed the March China Manufacturing Purchasing Managers Index (PMI) released on April 1 that day. Overall, China's current market transactions have begun to start, corporate orders have increased, and the momentum of upstream product price increases has weakened. Business

Core tip: the purchasing manager index (PMI) of China's manufacturing industry in March 2013 released by the China Federation of logistics and purchasing and the service industry survey center of the National Bureau of statistics was 50.9, up 0.8 percentage points from the previous month. The index remained above 50% for six consecutive months. With the exception of a few indices, the major sub-indices are now picking up.

Relevant experts from the China Logistics Information Center analyzed the March China Manufacturing Purchasing Managers Index (PMI) released on April 1 that day. Generally speaking, China's current market transactions have begun to start, corporate orders have increased, and the momentum of upstream product price increases has weakened. The business situation is getting better, and the economic operation is showing a steady upward trend.

The purchasing manager index (PMI) of China's manufacturing industry in March 2013 released by the China Federation of logistics and purchasing and the service industry survey center of the National Bureau of statistics was 50.9, up 0.8 percentage points from the previous month. The index remained above 50% for six consecutive months. With the exception of a few indices, the major sub-indices are now picking up.

According to an analysis by the China Logistics Information Center, China's Manufacturing Purchasing Managers Index (PMI) showed that the new order index reached 52.3 percent in March, an increase of 2.2 percentage points from the previous month, which was a more obvious rebound in the past year. Among the 21 industry categories, the new order index of most industries rose, and 15 industries reached more than 50%. In particular, the equipment manufacturing industry, which is closely related to production and infrastructure investment, has a prominent rebound momentum, reaching a high level of 55%. From the perspective of commodity price trends, the price trends of energy products such as coal and crude oil, and major basic raw materials such as steel, non-ferrous metals, and chemicals have diverged, rising and falling in different regions. Combined with these circumstances, the current market shows signs of starting, demand tends to pick up.

The production index rose 1.5 percentage points in March from the previous month to more than 52 per cent, reaching 52.7 per cent. The index shows that the equipment manufacturing industry, driven by the rebound in demand, has significantly accelerated production. Its production index reached 53.6, an increase of 2.1 percentage points from the previous month; production in the east and west accelerated, and the central part was basically stable. The purchasing volume index rebounded and the raw material inventory index was still declining. On the whole, since March, enterprises have started construction one after another, and industrial production tends to accelerate.

In March, the purchase price index accelerated its decline, falling another 4.9 percentage points to 50.6 per cent after falling 1.7 percentage points last month. As market demand tends to pick up, the momentum of upstream product price increases has weakened, which is conducive to improving business conditions and enhancing business vitality; the PMI index of large enterprises has remained above 50% for 7 consecutive months, and has been above 51% in the last 5 months. Maintain stability with less volatility. Medium-sized companies showed signs of improvement, with their PMI index rising to 50.3 per cent, above 50 per cent for the first time in eight months. Small businesses also showed signs of improvement, and their PMI index rebounded significantly. Although it did not rise to more than 50%, it hit a high point in the last year.

According to the analysis, judging from the situation in the first three months of this year, the main indexes fell in the first two months due to some special factors, but rebounded in March, and the overall economic performance in the first quarter was good.

Experts also said that it must also be noted that the current rebound of major indexes is seasonal, and the rebound is weaker than the same period in history. The later trend still needs to be closely observed. It is worth noting that the inventory index of finished goods in the manufacturing industry has changed the situation of low operation below 50% for eight months, rebounded and rebounded to more than 50% again, reflecting that although the current supply and demand are showing signs of recovery, the recovery in demand still needs to be strengthened. Judging from the current feedback from enterprises, it mainly focuses on the quality and efficiency of operation such as rising costs, and the innovation and upgrading of production methods and business models has attracted more and more attention.