|
PMI rebounded to 50.3% in December
Output, Stocks of Finished Goods, Purchases of Inputs, expanding.
New Orders, New Export Orders, Backlogs of Orders, Imports, Input Prices, Stocks of Major Inputs, contracting.
Suppliers’ Delivery, faster.
After declining from 50.4% in October to 49.0% in November, China’s manufacturing PMI rebounded to 50.3% in December. The index rose above the critical level of 50% again, indicating an expansion in the manufacturing sector in China.
8 of the 11 sub-indices were higher than their respective levels in the previous month. The new orders index and the new export orders index gained 2.0 ppt. and 3.0 ppt. respectively in December, indicating improvement in domestic demand and export demand. On the other hand, the output index rose by 2.5 ppt. from the previous month to 53.4% in December, showing faster expansion of output.
In December, 12 of the 20 industries recorded PMIs above 50%. On the other hand, 8 industries recorded index readings below 50%: Chemical fibres, rubber & plastics; Chemicals; General machinery; Metal products; Non-metal minerals; Specialized machinery; Textiles; and Tobacco.
Output index went up from 50.9% in November to 53.4% in December. 14 of the 20 industries surveyed recorded expansion of output. Of which, 5 registered index readings above 60%: Electrical machinery & equipment; Food; Garments, footwear & related products; Oil refining & coking; and Papermaking, printing, stationery & sporting goods.
( Please click here to read full article )
|
