In October 2009, the National Manufacturing Purchasing Managers Index (PMI) was 55.2%, up from 0.9 percentage points last month, the highest point since May 2008. The index has been at the critical point for more than 50% for eight consecutive months, indicating that the manufacturing economy continues to show a general upward trend.
In October 2009, the five sub-indices that make up the manufacturing PMI rose three times.
The production index was 59.3%, an increase of 1.3 percentage points from the previous month and continued to be above the critical point, the highest point since May 2008, indicating that manufacturing production continued to increase. According to the industry situation, the production volume of most industries has increased significantly compared with the previous month, including the production of textiles, clothing, shoes and hats, fur and down products, agricultural and sideline food processing and food manufacturing, transportation equipment manufacturing and non-metallic mineral products. The volume is growing rapidly. However, the production index of the beverage manufacturing industry and the general equipment manufacturing industry fell back to the critical point; the tobacco product industry production index fell sharply below the critical point.
The new order index was 58.5%, which was 1.7 percentage points higher than the previous month and continued to be above the critical point, indicating that as the manufacturing economy stabilizes, the number of new orders for enterprises has further increased. By industry, textile and garment footwear and hat manufacturing, fur products, metal products, transportation equipment manufacturing, agricultural and sideline food processing and food manufacturing, non-metallic mineral products, petroleum processing and coking and chemical fiber manufacturing and New orders in the rubber products industry and other industries have grown significantly; the new orders index for the tobacco products industry and the ferrous metal smelting and rolling processing industry have been placed below the critical point, and the new orders of enterprises have declined. According to the survey, the export order index was 54.5%, which was 1.2 percentage points higher than that of the previous month. It was above the critical point for six consecutive months. It shows that with the improvement of the global economy, the new export orders of China's manufacturing industry have gradually recovered.
The main raw material inventory index was 49.0%, although it was up 1.1 percentage points from the previous month, but it was still below the critical point. The survey shows that some enterprises reflect factors such as railway transportation shortage and capital turnover difficulties, which affect corporate procurement activities.
The employee index was 52.4%, down 0.8 percentage points from the previous month, but still above the critical point. In terms of industry, in addition to the beverage products industry, ferrous metal smelting and rolling processing industry and general equipment manufacturing industry, the index of employees in other industries is above the critical point.
The supplier's delivery time index was 50.7%, which was basically the same as last month, indicating that the manufacturing raw material supplier's delivery time has not changed much from the previous month.
The survey showed that the main raw material purchase price index was 56.9%, indicating that the purchase price of major raw materials continued to show an upward trend. In terms of industries, the purchase price of major raw materials for the paper and printing industry, the textile industry, the beverage industry, the agricultural and sideline food processing and food manufacturing industries, the petroleum processing and coking industry, the electrical machinery and equipment manufacturing industries, the metal products industry and General equipment manufacturing purchase prices fell.
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