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China manufacturing PMI continuous rise in 3 months
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The National Bureau of Statistics Survey Center for service industry and China Federation of logistics and Purchasing Union released data show, May, China Manufacturing Purchasing Managers Index (PMI) was 50.8%, up 0.4 percentage points more than in April, and up 3 months in a row, indicates China manufacturing continue undermined stability.
Statistical data shows, May, China manufacturing demand side and production end both buoyancy, and jointly promote the PMI accelerated recovery. Among them, the new orders index rose to a 6 month highs, as of 52.3%, up 1.1 percentage points more than in April, the biggest rise since 2013 September. The production index for 52.8%, than in April rose 0.3 points, the highest in 4 months. The difference between production index and the new orders index was 0.5 points, is the minimum value in 2013 since October, the contradiction of supply and demand to ease. According to the analysis, the market demand and production speed steady growth, manufacturing enterprises to increase the intensity of raw materials procurement, procurement volume index rose to a high point of the year, up to 52.3%; the main raw material purchase price index rose to a critical point 50%, manufacturing the purchasing price of raw materials by the fall trend tends to be stable.
At the same time, in May China's manufacturing economy has shown signs of stabilising. In May, HSBC China Manufacturing Purchasing Managers Index = 49.7, hit a five month highs. Although it is still below the 50 mark, but the economic decline than in April a significant slowdown in demand at home and abroad to continue to improve. On the one hand is a series of April China promulgated the steady growth policy effect gradually began to appear, one hand is because the winter in the past, the U.S. economy out of the downturn, the domestic demand is released.
The analysis points out, Chinese manufacturing industry although the overall stable good, but the development is not balanced, the production and operation of small micro enterprise is still difficult. In May, large-scale manufacturing enterprises PMI is 50.9%, PMI is 51.4% more than medium-sized enterprises, large enterprises for the first time since 2013 since June, small and medium enterprises PMI 48.8%, since this year are located below the critical point.
- article source: CMJ China mechanical and metal
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