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The Bureau of statistics interprets the PMI of manufacturing industry in April: the manufacturing industry continues to grow steadily

the purchasing manager index of China's manufacturing industry released by the service industry survey center of the National Bureau of statistics and the China Federation of logistics and purchasing on May 1, 2014 shows that the PMI of China's manufacturing industry in April 2014 was 50.4%, a slight increase of 0.1 percentage points over the previous month, rising for two consecutive months, indicating that China's manufacturing industry continues to maintain a steady growth momentum

market demand has picked up, pushing PMI to continue to rise slightly. The new order index was 51.2%, which achieved positive results, an increase of 0.6 percentage points over the previous month. Among the five components of PMI, the sub index of SEBS foaming increased the most, and the market demand recovered; The production index was 52.5%, down slightly by 0.2 percentage points from last month. BASF Group high performance materials division proposed a new trend. Since this year, the production index has remained in the range of 52.5% - 53.0%, with a small fluctuation, and the manufacturing production has maintained a steady growth. The difference between the new order index and the production index was the lowest in nearly seven months, indicating that the contradiction between supply and demand has eased. At the same time, driven by the rebound in the volume of new orders in the manufacturing industry, the purchase volume of raw materials for production continued to grow, with the purchase volume index of 50.6%, which is different from the pull range of the high point in the past three months. Although the purchase price index of main raw materials is still below the critical point, it has risen sharply by 3.9 percentage points over the previous month, and the decline in the purchase price of raw materials in the manufacturing industry has narrowed

the contribution rate of domestic demand to the manufacturing economy is increasing. Since June 2012, the new export order index has been lower than the new order index. During this period, the average value of the difference between the two is 1.9 percentage points. This month, the difference between the two has expanded to 2.1 percentage points. The dependence of the manufacturing economy on external demand has decreased, and the domestic market demand has gradually become the main driving force driving the growth of the manufacturing economy. Recently, although the economies of major developed economies have gradually improved, the growth rate of some emerging economies has slowed down, which has affected the recovery process of the global economy and China's exports. There have been some fluctuations in manufacturing exports

however, it should also be noted that although PMI continues to rebound this month, the momentum for recovery is still weak, and the foundation for the recovery of manufacturing enterprises is not stable, especially the trend of new export order index of manufacturing industry is weak. The new export order index fell below the critical point in March this year, and rose above the critical point in March. It was 49.1% in April, falling below the critical point again. The export situation of manufacturing industry needs further observation. In the later stage, we should pay close attention to the implementation of the policies and measures that have been issued. We should not only maintain our determination, but also take the initiative to promote the sustainable and healthy development of the manufacturing industry with the three driving forces of deepening reform, adjusting structure and improving people's livelihood

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