National Bureau of Statistics: December manufacturing PMI was 50.2%, unchanged from last month

December 31, 2019 China National Bureau of Statistics and the Federation of Purchasing and Logistics Service Sector Survey Center released the Chinese purchasing managers index. In this regard , the National Bureau of Statistics Service Sector Survey Center Senior Statistician Zhao Qing River interpretation. First, the manufacturing purchasing managers index expanded for two consecutive months in December, manufacturing PMI was 50.2%, unchanged from last month, is located more than two consecutive months line ups and downs, the manufacturing sector continued to expand last month situation, the economy steadily . This month’s manufacturing PMI main characteristics: First production to speed up CONTROL ENGINEERING China Copyright , needs to keep expanding. The influence of the traditional holidays approaching other factors, supply and demand ends of the manufacturing sector is more active. Production index was 53.2 percent, up 0.6 percentage points. In the survey of 21 industries, 15 industries production index is located in expansionary territory, including food and alcoholic beverages refined tea, textile and apparel, pharmaceuticals, automotive, electrical machinery and equipment, computers and other communications equipment manufacturing production index is located more than 55.0% higher booming region. The new orders index was 51.2%, down 0.1 percentage points from the previous month micro Control Engineering Copyright , two consecutive months above the critical point. In order to meet production needs, the company will increase procurement, purchasing volume index was 51.3%, the chain increased 0.3 percentage points. The second is to improve the import and export situation, significant growth in foreign orders, imports of raw materials continues to pick up. The new export orders index was 50.3%, 1.5 percentage points higher than last month, since June 2018 for the first time rose to expansionary territory; import index was 49.9%, the chain increased 0.1 percentage points Control Engineering Copyright , rebounded for two consecutive months. Third, the supply and demand situation has improved, the price index both rise. The main raw material purchase price index and producer price index was 51.8% and 49.2%, respectively, last month picked up 2.8 and 1.9 percentage points, a high point since three months, of which the main raw material purchase price index rose to expansionary territory. From the industry situation, non-ferrous metal smelting and rolling processing, paper and printing industry prices were more than 54.0%. Fourth, continue to promote the transformation and upgrading, a good momentum of growth of new industries. From the key industries, high-tech manufacturing, equipment manufacturing and consumer goods industries PMI 52.8%, 51.3% and 51.4%, respectively, higher than the overall manufacturing 2.6,1.1 and 1.2 percentage points, for 3 consecutive months of expansion zone is located, and a continuous rise in the level of the economy; high energy-consuming industries PMI was 48.6%, the chain, respectively, year on year decline 0.5 and 0.3 percentage points. Second, the non-manufacturing business activity index continued to expand in December, non-manufacturing business activity index was 53.5%, down 0.9 percentage points from the previous month, keeping the overall non-manufacturing expansion trend. Service industry to maintain rapid growth. Service sector business activity index was 53.0%, down 0.5 percentage points from the previous month, but higher than the same period last year. Among them, the railway transportation, lodging, telecommunications, Internet software, finance, leasing and business services sector business activity index is located more than 55.0%, more active business activities; total wholesale, road transport, catering, real estate and other business sectors has declined. The market is expected to see business activity expectations index was 59.1%, although somewhat lower than last month, but the business climate zone located higher Control Engineering Copyright , suggesting that the recent development of the industry service companies are more optimistic. Among them, air transport, postal delivery, banking and insurance industry business activity index is expected to continue located above the high of 65.0% booming region. Construction growth has declined. Construction industry business activity index and the new orders index was 56.7% and 52.9%, respectively, down 2.9 from last month and 3.1 percentage points. From the industry categories of view, the housing industry business activity index and the new orders index was 54.6% and 46.3%, respectively, below last month 9.5 and 8.3 percentage points; civil construction industry business activity index and the new orders index was 57.0 percent and 60.6 %, respectively, 0.7 higher than last month and 5.3 percentage points. With the weather starting to turn cold, and “two” approaches, showing an overall construction seasonal decline, but the influence of infrastructure construction projects to speed up the landing and other factors, the amount of contracts signed new engineering civil engineering construction increased significantly, producing more active. Third, the composite PMI output index fell slightly in December, overall PMI output index was 53.4%, although down slightly from the previous month by 0.3 percentage points CONTROL ENGINEERING China Copyright , but still higher than the annual average of 0.3 points CONTROL ENGINEERING China Copyright , show China’s production and business activities remained stable overall expansion trend. Manufacturing production index and non-manufacturing business activity index composed of the composite PMI output index was 53.2% and 53.5% respectively, the chain a liter of a fall.

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