In August, PMI Rebounded For &Nbsp For The First Time In May, And China's Manufacturing Industry Showed Marked Growth.

Data released by China Federation of logistics and purchasing in September 1st showed that the purchasing managers' index of China's manufacturing industry in August ( PMI 50.9%, a slight rise of 0.2 percentage points from last month, ending 4 consecutive months of decline, the first rebound in nearly 5 months. According to the report issued by the National Bureau of statistics on the same day, "PMI is at the top of the 50% expansion boundary in August, indicating that China's manufacturing economy is still growing."

Judging from the sub item indicators, the production index and raw material inventory index in August were 52.3% and 48.8%, respectively, up 0.2 and 1.2 percentage points respectively from the previous month; the new order index was 51.1%, unchanged from last month; the employee index and the supplier delivery time index decreased slightly.

In August, the new export orders index was 48.3%, down 2.1 percentage points from last month, and became the largest index of the ring down. Guotai Junan issued a research report: "because of the slowdown in the second half of the US economy and other risks, the monthly growth rate of China's exports will probably fall to about 10% by the end of the year, and we should pay close attention to the trend of foreign demand in the future."

The State Council Development Research Center Economics Zhang Liqun, a researcher at the Department, said that the PMI rose slightly in August, indicating that China's economic callback situation has gradually stabilized. However, from the perspective of demand, there are many uncertain factors for China's economic growth in the future. The larger decline in the new export orders index indicates that the future export growth is likely to fall.

Data show that in August, the purchasing price index of major raw materials was 57.2%, up 0.9 percentage points from last month. The report of the National Bureau of Statistics said: "the index reappeared in August after three consecutive months of decline. Uptrend This indicates that the purchase price of raw materials has increased.

According to different industries, in August, the PMI of 8 industries, such as agricultural and non-staple food processing and food manufacturing, beverage manufacturing and communication equipment, reached over 50%; the iron and steel industry was located at 50%; and 11 industries, such as paper making, chemical raw materials and special equipment, were below 50%. From the product type, consumer goods enterprises are higher than 50%; raw materials and energy, intermediate goods and production enterprises are slightly less than 50%.