May 19, 2024

The latest PMI indicates that China's industrial production continues to rise and stabilizes

China news agency, Beijing, February 1 (Reporter Liu Changzhong) The latest China Manufacturing Purchasing Managers Index released by the China Federation of Logistics and Purchasing this morning was 55.8%. Zhang Liqun, a researcher at the Development Research Center of the State Council of China, believes that China's latest PMI indicates that industrial production continues to rise and stabilize.

The China Federation of Logistics and Purchasing announced today that in January 2010, the China Manufacturing Purchasing Managers Index (PMI) was 55.8%, down 0.8 percentage points from the previous month.

Judging from the 11 sub-indices, compared with the previous month, it was “five-six-six-litre”. Production index, new order index, backlog order index, purchase volume index, and employee index decreased, among which the backlog index decreased significantly, with a drop of 2.5 percentage points; new export order index, finished goods inventory index, import index, purchase price The index, raw material inventory index, and supplier delivery time index increased, with the purchase price index rising by a large margin, reaching 1.8 percentage points. From the index level, the production index, new order index, purchase volume index and purchase price index are relatively high, maintaining around 60%, especially with the purchase price index as the highest, approaching 70%.

Among the 20 industries, only the chemical fiber manufacturing and rubber and plastic products industry, non-ferrous metal smelting and rolling processing industry, non-metallic mineral products industry, 3 industries are slightly less than 50%, and the remaining 17 industries are higher than 50%, of which tobacco products industry The beverage manufacturing industry and the metal products industry have reached more than 60%. In terms of product types, raw materials and energy, intermediate goods, consumer goods and manufactured goods are all above 50%, especially for consumer goods companies, which is close to 60%.

In this regard, Zhang Liqun, a researcher at the Development Research Center of the State Council of China, believes that China's PMI index continued to maintain a high level in January, with a slight decline, indicating that industrial production continued to rise and may stabilize; the new export order index continued to increase, and the pre-show situation may continue. Better; the continuous increase in the purchase price index means that the production cost of the enterprise will continue to increase. Combined with the current economic operation, China's economic recovery is expected to stabilize, and the positive effect of exports on economic growth will be enhanced. The increase in costs and increased market competition may expose enterprises to a more severe development environment.

He said that overall, the Chinese economy is in a critical period of transition from recovery to stability.  

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