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Home >> Industry News >> China''s manufacturing PMI fell 0.1% in July

China''s manufacturing PMI fell 0.1% in July

Source:www.gotonecargo.com   Classification:Industry News  Time:2014/10/9 14:27:10
Summary:According to the Xinhua News Agency reported that China Federation of Logistics and Purchasing, the National Bureau of Investigation service center released the latest data show that in July China manufacturing PMI was 50.1%,
    China Federation of Logistics and Purchasing, Vice President Cai analysis pointed out, overwhelmed index fell obvious seasonal decline in production and construction off-season success, shows the current economy is gradually bottoming, post-stabilization trend will continue. However, the current weak demand, oversupply downward pressure persists.
Historical data show that manufacturing PMI since 2005, except for July 2009 is up, the other years are basically fall in July, the smallest decline rate 0.2 percentage points lower reaches up to 1.3 percentage points. 
         Compared to the previous month from 11 sub-indices, only the raw materials inventory index increased slightly, with the remaining index fell to varying degrees. Where the finished goods inventory index downward trend outstanding, a decline of 4.3 percentage points, the index fell to 48 percent, with the remaining index fell less, much less than one percentage point.
        Specifically, the new orders index fell 0.2 percentage points last month reported that 49%; production index was 51.8%, down 0.2 percentage points; new export orders index down 0.9 percent reported 46.6%; imports index was 45.0%, fell 1.5 percentage points; finished goods inventory index was 48%, down 4.3 percentage points; the purchase price index fell 0.2 percent, to 41 percent.
        Institute of Development Research Center of the State Council, Zhang Liqun analysis, PMI index fell continue to shrink, indicating that economic growth is further apparent bottoming signs of stabilization. By steady growth effect of the impact of policies, future market demand growth is expected to be steady slight. Companies reduced orders situation is expected to change, economic growth levels will stabilize or slightly increase.
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