Manufacturing Purchasing Managers Index in China
In March, the Purchasing Manager Index (PMI) of China’s manufacturing industry was 51.9 percent, decrease 0.7 percentage points from the previous month, higher than the threshold, and the manufacturing industry keep it trend of expansion.
In terms of enterprise size, the PMI of large, medium-sized and small enterprises was 53.6, 50.3 and 50.4 percent respectively, decrease 0.1, 1.7 and 0.8 percentage points from the previous month, all higher than the threshold;
From the sub-indexes, among the five sub-indexes that constitute the manufacturing PMI, the production index, new order index and supplier delivery time index were all higher than the threshold, and the raw material inventory index and employee index were lower than the threshold.
The production index was 54.6 percent, decrease 2.1 percentage points from the previous month, and still higher than the threshold, indicating that manufacturing production activities continued to expand.
The new order index was 53.6 percent, decrease 0.5 percentage points from the previous month, and still higher than the threshold, indicating a continuous increase in manufacturing market demand.
The raw material inventory index was 48.3 percent, decrease 1.5 percentage point from the previous month, indicating that the inventory of major raw materials in the manufacturing industry was in expanded decline.
The employment index was 49.7 percent, decrease 0.5 percentage point from the previous month, indicating a decline in the prosperity level of employment of manufacturing enterprises.
The supplier delivery time index was 50.8 percent, decrease 1.2 percentage points from the previous month, and still higher than the threshold, indicating that the delivery time of raw material suppliers in the manufacturing industry continues to decrease.
