- Manufacturing Purchasing Managers Index
In August 2019, China’s manufacturing purchasing managers index (PMI) was 49.5 percent, slightly fell 0.2 percent point from the previous month.
In the view of enterprise scale, the PMI of large-sized enterprise was 50.4 percent, down 0.3 percent point from last month, still stayed in the extension range; that of medium-sized was 48.2 percent, fell 0.5 percentage point from last month, and below the threshold, that of small-sized enterprises was 48.6 percent, higher 0.4 percent point than last month and below the threshold.
Among the five sub-indices composing PMI, the production index and supplier distribution time index were higher than the threshold, while the new orders index, main raw materials inventory index and employment index were lower than the threshold.
Production index was 51.9 percent, down 0.2 percent point from last month, but still above the threshold, indicating that the overall production of manufacturing continued to expand.
New orders index was 49.7 percent, down 0.1 percent point from last month, and was below the threshold, indicating that the order quantity of manufacturing production demand has declined.
Main raw materials inventory index was 47.5 percent, lower 0.5 percent point than last month, and was below the threshold, indicating that main raw materials inventory amount has declined.
Employee index was 46.9 percent, down 0.2 percent point from last month, and was below the threshold, indicating that the manufacturing enterprises’ labor employment consumption has slightly decreased.
Supplier distribution time index was 50.3 percent, slightly higher 0.2 percent point than last month, and was above the threshold, indicating that the distribution time of manufacturing raw materials supplier gets faster.