In March China Manufacturing Purchasing Managers Index ( PMI ) was 55.1%, an increase of 3.1 percentage points. This is the index for thirteenth months to maintain in 50% above, reflecting China's economy has been moving toward stable rapidder growth track.
China Federation of logistics and purchasing 1 released data show, the March PMI each subentry index is general rise in status. 11 sub indices, all index are increase, and most increases exponentially larger. Such as the production index, new orders index, the new export orders index, the backlog of orders index, procurement volume index, index, import price index rose more than 4 percentage points.
At the same time, inflation pressures are increasing. PMI in the purchase price index, since last year November, already successive 5 months maintain in 60% above high, March is to achieve 65.1%.
China logistics center thinks, current our country prices continued rising pressure. It is raw material, energy price increases pressure; the two is the five southwest provinces drought continues to spread caused prices to local rising phenomenon. If the price instability, will bring new inflation pressure; the three is with the global financial crisis influence weakened, the international crude oil, metals, commodities such as iron ore prices back into the upstream channel, China imported inflation pressure.
On March PMI index rebounded strongly, Nomura Securities China chief economist Sun Mingchun said, suggesting that the manufacturing activity is continued its rapid expansion. At the same time he expected, industrial production in March year-on-year growth rate may be more than 20%, and the first quarter of a real GDP growth reached 12% or higher.
The CFLP wary of Southwest drought pushed up prices, March PMI rebounded to 55.1%
Dutch style – Tangshan Hebei Province on lump Island Laoting
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