In January 2015, China’s manufacturing purchasing managers index (PMI) was 49.8%, 0.3 percentage points lower over last month according to National Bureau of Statistics of China.
In view of the sizes of enterprises, the PMI of large-sized enterprises was 50.3 percent, decreased 1.1 percentage points month-on-month, continued to stay above the threshold, and keep expanding; that of medium-sized and small-sized enterprises were 49.9 and 46.4 percent respectively, up by 1.2 and 0.9 percentage points month-on-month, and the reduction had narrowed to varying degrees.
Among the five sub-indices composing PMI, the production index, new orders index and supplier delivery time index were higher than the threshold, while the employed person index and main raw materials inventory index were lower than the threshold.
Production index was 51.7 percent, decreased 0.5 percentage points month-on-month, and was higher than the threshold, indicating that the manufacturing production continued to maintain expanding, while the pace slowed down.
New orders index was 50.2 percent, decreased 0.2 percentage points month-on-month, and stayed above the threshold, showing that the growth rate of market demand of manufacturing sector dropped slightly.
Employed person index was 47.9 percent, decreased 0.2 percentage point month-on-month, continued to stay below threshold, indicating that the labor employment of manufacturing enterprises reduced.
Main raw materials inventory index was 47.3 percent, decreased 0.2 percentage points over last month, stayed below the threshold, indicating that the raw material inventory for manufacturing production continued to fall.
Supplier delivery time index was 50.2 percent, increased 0.3 percentage points month-on-month, and rose over the threshold, indicating that the delivery time of manufacturing raw material suppliers had been accelerated.
Also read: China Economy Statistics for 2014