The hottest in China, Caixin manufacturing PMI in

2022-08-08
  • Detail

According to Reuters in Beijing on November 2, supply and demand improved synchronously, driving China's economy to continue its positive trend. Caixin in October, the purchasing managers' index (PMI) of China's manufacturing industry rose to the highest level in nearly a decade, the new order index accelerated significantly, and enterprises have a strong willingness to take the initiative to replenish inventory

Caixin/Marquette jointly announced on Monday that China's manufacturing PMI rose to 53.6 in seasonally adjusted October, higher than the median estimate of 53 in the Reuters survey and the highest level since February 2011

according to the draft published by Markit market research, the increase in PMI is supported by the total number of new businesses. The overall growth of new businesses accelerated significantly during the month, hitting the strongest growth rate since November 2010. The survey samples generally reflect that the economy continues to recover from the epidemic at the beginning of the year

summarize the successful experience in the past

although the volume of new export business has also further rebounded, the growth rate is slow and significantly slowed down. Some enterprises reported that the aggravation of the epidemic in the export market had inhibited the growth of new export orders

with the stabilization of the domestic epidemic situation, economic recovery is still the main line of the current macro-economy, and the economic recovery will continue for several months, which is a high probability event. Wang Zhe, a senior economist at Caixin think tank, said

he pointed out that the supply and demand of the manufacturing industry are improving at the same time, enterprises have a strong willingness to take the initiative to replenish inventory, the price level is stabilizing, the operating conditions of enterprises are improving, and the confidence of entrepreneurs is rising; The recurrence of overseas epidemics still inhibits exports, and the complete recovery of employment also depends on the establishment of stronger and more lasting confidence

at the same time, there are still many uncertain factors in the external environment. The implementation in the post epidemic period shows that they were born, and the normalization of legal monetary and fiscal policies needs to be cautious. Wang Zhe said

According to the Markit draft, in order to meet the growth of production and operation demand, manufacturers have increased their purchases correspondingly, with a considerable increase. Purchasing inventory also rose, although the growth rate was small, but it was the highest since July 2016. On the other hand, due to the need to deliver orders to customers, the inventory of finished products decreased slightly

in terms of price, the rise in the average input cost of the manufacturing industry weakened in October, and the overall operating expenses only increased slightly. The survey sample enterprises generally reflect that the rising cost is related to the rising price of raw materials. By raising the average selling price of products, enterprises transfer part of the increased cost burden to customers. Although the rate of price increase in the manufacturing industry was higher than that in September, it was still moderate

with the strong improvement of the overall market conditions, manufacturers' confidence in the output outlook for the next 12 months increased, and their optimism rose to the highest point after August 2014. The survey sample enterprises generally expect that the impact of the epidemic will subside and the global economic situation will recover in the coming year

the official manufacturing PMI in October released by the National Bureau of statistics of China on Saturday fell slightly to 51.4, in the expansion range for eight consecutive months; In October, the non manufacturing business activity index rose by 0.3 percentage points to 56.2, a new high in the year; In October, the comprehensive PMI output index was 55.3, up 0.2 percentage points from the previous month

affected by the COVID-19, Caixin manufacturing PMI fell sharply to 40.3 in February

Copyright © 2011 JIN SHI