Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
China May PMI shows manufacturing continues to expand
Adjust font size:

The Purchasing Managers' Index (PMI) of China's manufacturing sector stood at 53.1 percent in May, the China Federation of Logistics and Purchasing (CFLP) said Monday.

The figure was down 0.4 percentage points from a month ago.

It was the third consecutive month the PMI was above 50 percent since July 2008, when the index fell to 48.4 percent.

A reading of above 50 suggests expansion, while one below 50 indicates contraction.

The PMI includes a package of indices that measure economic performance. The survey, jointly conducted by the National Bureau of Statistics, covers purchasing and supply managers of more than 700 manufacturers across China.

The output index was 56.9 percent, down from 57.4 percent in April. The new order index fell to 56.2 percent from 56.6 percent.

The purchasing price index was up 1.8 percentage points to 53.1 percent.

"The continuous stay of above 50 shows the third largest economy continued on its way to recovery, and a slight drop is a normal adjustment," said Zhang Liqun, a researcher with the Development Research Center of the State Council.

He added investment and consumption had kept growing, which helped trigger economic activities and the economy would continue to see expansion.

(Xinhua News Agency June 1, 2009)

Tools: Save | Print | E-mail | Most Read Bookmark and Share
Comment
Pet Name
Anonymous
China Archives
Related >>
- China PMI expands, signaling recovery
- China's PMI rises for 5th month
- China PMI rebounds above 50% in March
- Rise in PMI may show economy stabilizing
- Growth in PMI signals recovery signs in output
May 7-8 Brussels China-EU high-level trade talks

May 17-22 Hong Kong Heilongjiang-Hong Kong Trade Cooperation Seminar

June 30 Shanghai 2009 Automotive Engine Technology Seminar
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?