According to the National Bureau of Statistics, China's official manufacturing PMI 50.1 in May 2016, the previous value of 50.1, was unchanged from last month, better than expected, and has been expanding for three consecutive months; May 2016 official non-manufacturing PMI53 .1, previous value 53.5. The official interpretation: In May 2016, the China Manufacturing Purchasing Managers Index was unchanged from last month and was above the line of honor and death for three consecutive months.
On June 1, 2016, the National Bureau of Statistics Service Survey Center and the China Federation of Logistics and Purchasing released the China Manufacturing and Non-manufacturing Purchasing Managers' Index. The manufacturing purchasing managers' index was 50.1%, which was the same as last month. In this regard, Zhao Qinghe, a senior statistician of the Service Survey Center of the National Bureau of Statistics, explained.
In May 2016, the manufacturing PMI was 50.1%, which was the same as the previous month. It was above the critical point for three consecutive months and maintained a basically stable trend. The main operating characteristics of this month are as follows: First, the production of manufacturing industry has grown steadily, and the procurement activities of enterprises have accelerated. The production index was 52.3%, a slight increase of 0.1% from the previous month and more than 52.0% for three consecutive months. Driven by continued expansion of production, the company’s willingness to purchase has increased, with the purchasing volume index at 51.2%, up 0.2% from the previous month. Second, the structural adjustment has been steadily progressing, and the high-tech industry and consumer upgrading-related manufacturing industries have continued to expand. The high-tech manufacturing and consumer goods manufacturing PMIs were 50.8% and 51.5%, respectively, and continued to exceed the overall level of the manufacturing industry. Among them, PMIs in food and wine beverage refined tea, agricultural and sideline foods, pharmaceutical manufacturing, automobile manufacturing, and computer communications and electronics manufacturing are continuously expanding. The third is to further increase productivity. The PMI for high-energy-consuming manufacturing industry was 49.1%, down 1.0 percentage point from the previous month and falling below the critical point. Among them, non-metallic mineral products and ferrous metal smelting and rolling processing industry PMI decreased significantly, both below the critical point.
It is worth noting that the increase in the price of raw materials has dropped, the market demand is still weak, and the manufacturing growth base is still not stable. Since the beginning of this year, the prices of important means of production in some circulation areas such as steel, non-ferrous metals, and chemical industries have continuously risen, but have risen sharply. However, the oversupply situation at home and abroad has not substantially improved, and the recent upward momentum has weakened. This month, the major raw material purchase price index It fell to 55.3% and it fell for the first time after rising for 5 months. At the same time, the new orders index was 50.7%, falling for two consecutive months, and the difference with the production index has expanded, the new export orders index has also dropped to a critical point, which will have an adverse impact on the next step of the company's production.
In terms of scale of the company, large-scale enterprises are greatly affected by structural adjustment and capacity elimination, and the PMI is 50.3%, which is 0.7 percentage points lower than the previous month, but continues to be higher than the critical point; the medium-sized enterprise PMI is 50.5%, up 0.5 from the previous month. Percentage point, back to the expansion range; small business PMI was 48.6%, up 1.7 percentage points from the previous month, although still below the critical point, but the contraction rate has narrowed. The non-manufacturing business activity index was 53.1%, which was basically the same as the same period of last year.
In May 2016, China's non-manufacturing business activity index was 53.1%, down 0.4 percentage points from the previous month and more than 53% for three consecutive months, which was basically the same as the same period of last year, indicating that non-manufacturing industries in China continued to maintain steady growth.
In terms of sub-sectors, the service business activity index for the service industry was 52.0%, down 0.5 percentage points from the previous month. Affected by fluctuations in the securities market and other factors, the financial industry's business activity index fell sharply, which was the main factor in the fall in the business activity index of the service industry. This month, driven by the May 1st holiday consumption, the industries such as wholesale and retail, accommodation and catering, air transport, postal service and tourism are more active. The telecommunications Internet software industry has been in the high-tempo range of more than 60% for three consecutive months, and its business volume has achieved rapid growth.
The business activity index for the construction industry was 59.4%, which was the same as that of the previous month. The new orders index was 52.1%, up 2.1 percentage points from the previous month. It shows that with the active implementation of the steady growth policy measures, the investment in fixed assets, new projects started and funds in place have maintained rapid growth. The market demand for the construction industry has increased, and the production and business activities of enterprises have continued to be active.
On June 1, 2016, the National Bureau of Statistics Service Survey Center and the China Federation of Logistics and Purchasing released the China Manufacturing and Non-manufacturing Purchasing Managers' Index. The manufacturing purchasing managers' index was 50.1%, which was the same as last month. In this regard, Zhao Qinghe, a senior statistician of the Service Survey Center of the National Bureau of Statistics, explained.
In May 2016, the manufacturing PMI was 50.1%, which was the same as the previous month. It was above the critical point for three consecutive months and maintained a basically stable trend. The main operating characteristics of this month are as follows: First, the production of manufacturing industry has grown steadily, and the procurement activities of enterprises have accelerated. The production index was 52.3%, a slight increase of 0.1% from the previous month and more than 52.0% for three consecutive months. Driven by continued expansion of production, the company’s willingness to purchase has increased, with the purchasing volume index at 51.2%, up 0.2% from the previous month. Second, the structural adjustment has been steadily progressing, and the high-tech industry and consumer upgrading-related manufacturing industries have continued to expand. The high-tech manufacturing and consumer goods manufacturing PMIs were 50.8% and 51.5%, respectively, and continued to exceed the overall level of the manufacturing industry. Among them, PMIs in food and wine beverage refined tea, agricultural and sideline foods, pharmaceutical manufacturing, automobile manufacturing, and computer communications and electronics manufacturing are continuously expanding. The third is to further increase productivity. The PMI for high-energy-consuming manufacturing industry was 49.1%, down 1.0 percentage point from the previous month and falling below the critical point. Among them, non-metallic mineral products and ferrous metal smelting and rolling processing industry PMI decreased significantly, both below the critical point.
It is worth noting that the increase in the price of raw materials has dropped, the market demand is still weak, and the manufacturing growth base is still not stable. Since the beginning of this year, the prices of important means of production in some circulation areas such as steel, non-ferrous metals, and chemical industries have continuously risen, but have risen sharply. However, the oversupply situation at home and abroad has not substantially improved, and the recent upward momentum has weakened. This month, the major raw material purchase price index It fell to 55.3% and it fell for the first time after rising for 5 months. At the same time, the new orders index was 50.7%, falling for two consecutive months, and the difference with the production index has expanded, the new export orders index has also dropped to a critical point, which will have an adverse impact on the next step of the company's production.
In terms of scale of the company, large-scale enterprises are greatly affected by structural adjustment and capacity elimination, and the PMI is 50.3%, which is 0.7 percentage points lower than the previous month, but continues to be higher than the critical point; the medium-sized enterprise PMI is 50.5%, up 0.5 from the previous month. Percentage point, back to the expansion range; small business PMI was 48.6%, up 1.7 percentage points from the previous month, although still below the critical point, but the contraction rate has narrowed. The non-manufacturing business activity index was 53.1%, which was basically the same as the same period of last year.
In May 2016, China's non-manufacturing business activity index was 53.1%, down 0.4 percentage points from the previous month and more than 53% for three consecutive months, which was basically the same as the same period of last year, indicating that non-manufacturing industries in China continued to maintain steady growth.
In terms of sub-sectors, the service business activity index for the service industry was 52.0%, down 0.5 percentage points from the previous month. Affected by fluctuations in the securities market and other factors, the financial industry's business activity index fell sharply, which was the main factor in the fall in the business activity index of the service industry. This month, driven by the May 1st holiday consumption, the industries such as wholesale and retail, accommodation and catering, air transport, postal service and tourism are more active. The telecommunications Internet software industry has been in the high-tempo range of more than 60% for three consecutive months, and its business volume has achieved rapid growth.
The business activity index for the construction industry was 59.4%, which was the same as that of the previous month. The new orders index was 52.1%, up 2.1 percentage points from the previous month. It shows that with the active implementation of the steady growth policy measures, the investment in fixed assets, new projects started and funds in place have maintained rapid growth. The market demand for the construction industry has increased, and the production and business activities of enterprises have continued to be active.
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