Bureau of Statistics: August PMI index increased slightly from July

Abstract According to the National Bureau of Statistics, in August this year, China's manufacturing purchasing managers index (PMI) was 51.0 percent, up 0.7 percentage points, located at 11 consecutive months above the critical point. It is reported that in August 2013, the five sub-indexes that constitute the manufacturing PMI...
According to the National Bureau of Statistics, in August this year, the China Manufacturing Purchasing Managers Index (PMI) was 51.0%, up 0.7 percentage points from the previous month and above the critical point for 11 consecutive months.

It is reported that in August 2013, the five sub-indexes that constitute the manufacturing PMI generally rose. The production index was 52.6%, up 0.2 percentage points from the previous month; the new order index was 52.4%, up 1.8 percentage points from the previous month. The survey shows that the new export order index reflecting the foreign trade situation of the manufacturing industry is 50.2%, up 1.2 percentage points from the previous month and returning above the critical point; the import index is 50.0%, up 1.6 percentage points from the previous month, at the critical point; The inventory index was 48.0%, up 0.4 percentage points from the previous month and still below the critical point; the employee index was 49.3%, up 0.2 percentage points from the previous month; the supplier delivery time index was 50.4%, up 0.3 from last month. Percentage; the on-hand order index was 44.8%, up 0.1 percentage point from the previous month and below the critical point; the finished goods inventory index was 47.6%, up 0.3 percentage points from the previous month and below the critical point; the purchase volume index was 52.0. %, up 2.0 percentage points from the previous month and rising above the critical point; the main raw material purchase price index was 53.2%, up 3.1 percentage points from the previous month, and was above the critical point for 2 consecutive months; the expected index of production and operation activities was 59.4. %, up 3.0 percentage points from the previous month, continuing the sharp rise in the previous month.

It is understood that PMI usually takes 50% as the cut-off point of economic strength. When PMI is higher than 50%, it reflects the expansion of manufacturing economy; below 50%, it reflects the contraction of manufacturing economy. Since the Purchasing Manager Survey is a monthly survey, the data is highly volatile due to seasonal factors. The PMI composite index and each sub-index released today are seasonally adjusted data.

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