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National Statistics Office: Chinese companies' production and operation activities continue to expand their general situation – Database and SQL Blog Articles

2018Year12China Purchasing Management Index

And the non-manufacturing business index index dropped one liter

– The senior statistician statistician Zhao Qinghe statistician states that the National Statistical Office's Office interpreted the Chinese Purchasing Manager Index in December 2018

On 31st December 2018, the National Statistical Service Industrial Research Center and the Federation of Logistics and Purchasing Federation of China released a Purchase Management Index in China. In this regard, the National Statistical Office Research Center explained a senior statistics statist from Zhao Qinghe.

In December 2018, the PMI of the Chinese manufacturing was 49.4%, 0.6% of the previous month, 0.6%; The production index stood at 50.8% and remained at the expansion range. The non-manufacturing manufacturing activity index was 53.8%, 0.4 in the last month. Expansion percentage accelerated. The PMI output index was 52.6%, compared to the previous month, 0.2 percentage points below. Boomen Zone continues to continue to expand Chinese production and production activities.

First, the manufacturing purchasing management index has dropped

In 2018, the average manufacturing PMI was 50.9%, as the manufacturing industry maintained its growth throughout the year. Recently, due to the slowdown in the international friction and global economic growth of the international trade, the change in the development of the Chinese manufacturing industry has constantly changed. In December, PMI manufacturing accounted for 49.4%, 0.6% of 0.6 percentage points up on the previous month and weakened prosperity. The main features of this month: First, the downward pressure on the demand for the market has increased and companies are expected to be wiser. The new index of demand was 49.7%, 0.7% of the previous month, 0.7%, and expected production and operation activities, which was 52.7%, up to 1.5 percentage points the previous month, which represents an interannual decline had. At the same time, the industry has gradually entered into the season of production season and companies are concerned about the latest market expectations. Secondly, factors like external environmental variables and lower internal demand have allowed the latest boom in imports and exports to be lower. The index against exports exports and imports accounted for 46.6% and 45.9%, respectively, compared to the previous month, 0.4 and 1.2 percentage points, and were below all critical points. Third, due to fluctuations in the prices of some international merchandise, the price index has dropped. The raw material price index and the ex-factory price index were down by 44.8% and 43.3% year-on-year, respectively, 5.5 and 3.1 percentage points in the previous month. Among these, the main raw material prices of the raw materials raw materials and the price of the raw material prices of the crude oil and raw material raw materials for the iron and steel foundry industry are below the lower level of 35.0%, a sharp decline. Fourthly, the PMIs of all the companies of different scales have fallen. The PMI of large companies stood at 50.1%, roughly 0.5 points before the previous month, despite a slight critical point; The PMI of small and medium-sized companies was 48.4% and 48.6% respectively, 0.7 and 0.6 points in the previous month.

At the same time, it should be emphasized that, although the manufacturing PMI decreased, production continues to grow and corporate pressures have increased. The production index for this month is 50.8% and continues to expand. In 21 industries, the 14-sector production index was more critical. Among them, the manufacturing industry, such as food and beverages, special equipment and aerospace equipment, were more than 57.0% of the railways and boom rates increased. Based on the results of the surveys, this month, the proportion of companies with a high cost of raw material and high logistics costs was 37.3% and 28.6%, 2.0 and 0.4 percentage points less than the previous month.

Secondly, the non-manufacturing business activity index has steadily increased

In 2018, the non-manufacturing business activity index stood at 54.4% and stood at a fairly high level throughout the year. In December, the non-manufacturing business activity index was 53.8%, 0.4 points more than the previous month, and there was no acceleration in the rapid expansion of manufacturing.

The service industry maintained a steady growth. The industrial activity index of the services was 52.3%, a slight fall of 0.1 points in the previous month, and in the case of critical services, it continued to grow rapidly. Among the 21 surveyed industries, the 13-industry business index is in the index's expansion, and the service industry's foundations are good. Among these, the railway industry, telecommunications, banking, insurance and other financial industries index is higher than 60.0% and has achieved a rapid industrial growth, but road transport, mail, hospitality, securities, real estate and other industries in the procurement area There are. The whole amount has dropped. In the market expectation, the industrial activity expectancy index for services is up 60.2%, reaching 60.0%. Among them, the business index for rail transport, air transport, catering, tourism and other industries was expected to rise, and when the New Year's Spring Festival approached, the demand for market and consumer products at home markets was gradually being released. The intentions are usually optimistic.

Construction has improved significantly. The activity index of the companies was 62.6%, higher than the 3.3 of the previous month, and was high. The growth rate of the building accelerated and the implementation of policy measures to promote a stable development of infrastructure investment. According to demand and demand for the market, the new construction demand was 56.5% and 56.0% higher growth in three months. Market demand maintained steady and steady growth and the business expectation index was 64.5%. The spacing is 0.4 points higher than the same period the previous year, and the company increases the confidence of the industry.

Third, completePMIOutput index is spreading

In 2018, the average PMI output index was 53.7%, and the overall production and operation activities of Chinese companies continued throughout the year. In December, the PMI output index was 52.6%, which was 0.2 percentage points lower than in the previous month. He followed Boom field. The general production and operations of Chinese companies continued to grow and the pace of expansion slowed. The manufacturing production index and non-manufacturing business activity index, which constitute the individual PMI output index, are 50.8% and 53.8% respectively; The quarter-on-quarter decline and the manufacturing production index did not exceed 3.0 percentage points by the manufacturing production index. The role of the non-manufacturing economic growth has increased.

(Editor: Song Yuhui)

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