August manufacturing PMI fell to 49.5%

Manufacturing PMI fell slightly in August, the fourth consecutive months of ups and downs in the following lines. 31, National Bureau of Statistics released in August China Manufacturing Purchasing Managers Index (PMI) was 49.5%, down 0.2 percentage points from last month. China Federation of Logistics and Purchasing contributing analyst Zhang Liqun, August PMI index has declined, indicating that the July PMI index rose a short-term change. Economic downward pressure since May, PMI index has been running for four consecutive months below the line ups and downs, caused by the lack of market demand increased, should increase counter-cyclical macroeconomic policy adjustment efforts to expand domestic demand to ease downward pressure on the economy as soon as possible . Zhang Liqun analysis, PMI production index in August, purchasing volume index, raw materials inventory index, etc. production and business activities expectation index fell, indicating poor business expectations for the future market, production and business activities more cautious. The new orders index fell reflects domestic demand, remain serious problems. Although new export orders index rose, but consider the United States to further pressure on me, the downward pressure on external demand is still quite obvious. From the sub-indicators, the August market demand is still relatively weak , but the downward trend slowed down, showing signs of stabilization. The new orders index was 49.7%, down 0.1 percentage points from the previous month, a smaller decline. Export growth picked up, new export orders index was 47.2 percent, up 0.3 percentage points, rising for two consecutive months. Judging from the business survey, reflecting the lack of orders for business this month accounted for 46.9%, from the previous month. August production activities slight fluctuations. And more affected by the typhoon, high temperature and other factors, the production index was 51.9%, down 0.2 percentage points from the previous month. Fluctuations in the production of raw materials procurement and inventory, purchasing volume index was 49.3%, down 1.1 percentage points from the previous month, purchases decreased; raw materials inventory index was 47.5%, down 0.5 percentage points from the previous month. By reducing the effects of purchases, raw material prices tend to fall, the purchase price index was 48.6%, down 2.1 percentage points from the previous month, fell more obvious. New momentum continued to maintain steady growth, equipment manufacturing and high-tech industries as the representative of the new kinetic energy to maintain steady growth. Equipment manufacturing PMI was 50.2 percent, up 1 percentage point; high-tech industry PMI was 51.2%, the seventh consecutive month to 51% is locatedon. Two manufacturing PMI were higher than the PMI 0.7 and 1.7 percentage points , that the new kinetic energy has a role to support the overall stabilization of the manufacturing operation. From the enterprise scale, large enterprises PMI was 50.4 percent, down 0.3 percentage points last month, still in expansionary territory; medium-sized enterprises PMI was 48.2%, down 0.5 percentage points, located below the critical point; for the small business PMI 48.6%, 0.4 percentage point rise the previous month, located below the critical point. National Bureau of Statistics Service Sector Survey Center Senior Statistician author of Zhao Qing River, large enterprises keep expanding, small business upturn. Large enterprises PMI was 50.4% for two consecutive months above the critical point, it is important to support the stable development of the manufacturing sector. Small Business PMI was 48.6%, of which the production index was 51.3%, since May the first is expansion. China Logistics Information Center analyst Wentao said the whole , August manufacturing PMI declined slightly, to stabilize the market demand, production activities fluctuated slightly, but the economy still has some the stabilization running basis. Wentao analysis, one large-scale enterprises to maintain a good supporting role, this year, except for June fell to 49.9 percent, the rest of the month within large enterprises are in the expansion zone PMI CONTROL ENGINEERING China Copyright , small business vitality has been released, small business production index increased significantly for two consecutive months, and the growth rate to expand; second is the new kinetic energy and consumer goods industry maintained steady expansion trend, growth continued to be faster than the overall manufacturing industry; Third, pressure on business costs tend to decline [ 123] , according to business surveys, the high raw material costs this year to reflect the average corporate rate decreased significantly compared with last year, and this rate since April this year, a downward trend.

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