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The manufacturing PMI is a composite index that is weighted by five major diffusion indices in accordance with internationally accepted practices. Usually the PMI index is above 50%, reflecting the overall expansion of the economy; below 50%, reflecting the economic recession.
From the 11 sub-indices, compared with the previous month, except for the finished goods inventory index was flat, the other indexes have all fallen. Among them, the production index, the new order index, the purchase volume index, and the purchase price index fell more obviously, and the decline rate exceeded 6 percentage points. From the index level, the backlog index, finished goods inventory index, import index, raw material inventory index, supplier delivery time index and employee index are slightly lower than 50%, and the remaining indexes continue to remain above 50%.
In the 20 industries of this month, chemical fiber manufacturing and rubber and plastic products industry, paper printing and cultural and educational sporting goods manufacturing, petroleum processing and coking industry, wood processing and furniture manufacturing, tobacco products industry, textile industry, 6 industries are less than 50% The remaining 14 industries are above 50%. In terms of product types, raw materials and energy, intermediate products and manufactured goods are all above 50%, and consumer goods companies are slightly below 50%.
In response to the survey of manufacturing purchasing managers in February, special analyst Zhang Liqun said: "The PMI index in February reflects the trend of high industrial stability in a certain degree. In the transformation of government power and market forces, domestic demand and external demand increase each other. In the context of change, China's economic recovery trend has certain uncertainties. The decline of the new export order index also needs to be closely watched, and the export growth prospects need to be cautious. In general, the Chinese economy is still in a government-driven growth. In the process of moving to autonomous, stable and sustainable growth, there are still many uncertainties."
The new order index fell back. The new orders index for the month was 53.7%, down 6.2 percentage points from the previous month. In terms of industries, in the 20 industries, chemical fiber manufacturing and rubber and plastic products industry, petroleum processing and coking industry, textile industry and other six industries are less than 50%, and the remaining 14 industries are higher than 50%, among which non-ferrous metal smelting and Seven industries, including rolling processing industry, general equipment manufacturing, and special equipment manufacturing, are higher than 60%. From the perspective of product types, consumer goods companies are slightly less than 50%; raw materials and energy, intermediate products and manufactured goods are higher than 50%, especially for manufactured goods, which is the highest, reaching more than 70%.
The production index fell back. The production index for this month was 54.3%, down 6.2 percentage points from the previous month. Among the 20 industries, chemical fiber manufacturing and rubber and plastic products, pharmaceutical manufacturing, paper printing and cultural and educational sporting goods manufacturing industries are less than 50%; clothing and footwear manufacturing and fur and down products are located at 50%; the remaining 11 The industry is above 50%. Among them, ferrous metal smelting and rolling processing industry, special equipment manufacturing, non-ferrous metal smelting and rolling processing industry reached more than 60%. In terms of product types, domestic consumer goods companies are slightly less than 50%, and raw materials, raw materials, intermediate products and manufactured goods are all above 50%, especially for manufactured goods, which is close to 70%.
The import and export index both fell back. The import index for this month was 49.1%, down 4.3 percentage points from the previous month. Among the 20 industries, 8 industries, including pharmaceutical manufacturing, non-metallic mineral products, and special equipment manufacturing, are more than 50%, and the top three industries have reached more than 60%. 12 industries such as beverage manufacturing, agricultural and sideline food processing and food manufacturing, and metal products industry are less than 50%. In terms of product types, the production of finished goods enterprises is higher than 50%; raw materials and energy, intermediate goods and consumer goods enterprises are all less than 50%.
The new export order index for this month was 50.3%, down 2.9 percentage points from the previous month. Among the 20 industries, 10 industries led by general equipment manufacturing and special equipment manufacturing are higher than 50%, and the two industries headed by the company have reached more than 60%. 10 industries including clothing and footwear manufacturing and fur and down products, petroleum processing and coking, agricultural and sideline food processing and food manufacturing are less than 50%. In terms of product types, intermediate goods and consumer goods companies are less than 50%; raw materials and energy and production manufactured goods are higher than 50%.
The employee index fell. This month's employee index was 49.9%, down 0.7 percentage points from the previous month. Among the 20 industries, 11 industries including transportation equipment manufacturing, non-ferrous metal smelting and rolling processing, wood processing and furniture manufacturing are higher than 50%; special equipment manufacturing, tobacco products, chemical raw materials and chemical products manufacturing Wait 9 industries below 50%. In terms of regions, the eastern part is below 50%, which is 48.8%; in the central and western parts, it is higher than 50%. From the perspective of enterprise product types, the raw materials and energy and production finished goods enterprises are higher than 50%; the intermediate goods and consumer goods enterprises are less than 50%.
The purchase price index fell. The purchase price index for this month was 61.1%, down 7.4 percentage points from the previous month. In terms of industries, all 20 industries are higher than 50%, among which 12 industries, including chemical fiber manufacturing and rubber and plastic products, chemical raw materials and chemical products manufacturing, ferrous metal smelting and rolling processing industries, are higher than 60%. The three industries have reached more than 70%. In terms of regions, the eastern, central and western regions are generally higher, both at around 60%. In terms of product types, raw materials and energy and intermediate goods companies were the highest, both higher than 60%; domestic consumer goods and production finished goods types were slightly lower, but also more than 55%.
February China's manufacturing PMI was 52.0%
In February 2010, the China Federation of Logistics and Purchasing (CFLP) China Manufacturing Purchasing Managers Index (PMI) was 52.0%, down 3.8 percentage points from the previous month. The establishment of the CFLP China Manufacturing PMI Index has received strong support from the Hong Kong Li & Fung Group.