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China in December manufacturing PMI 18-month low of non-manufacturing PMI rose for two months | Manufacturing | PMI
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Phoenix (Reuters) FINANCE integrated by production and new orders index dragged down, China in December 2014 the official manufacturing PMI fell to 18-month low of 50.1; and boosted by the services and construction activity in December non-manufacturing business activity index rose to 54.1,hogan bambino, rebounded for two consecutive months. Two data show a down a liter, while the manufacturing sector is still facing great difficulties, but the role of the service sector to stimulate economic growth continued to improve.
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National Bureau of Statistics and the China Federation of Logistics and Purchasing (CFLP) jointly announced Thursday,hogan interactive, China's macroeconomic leading indicators - - The official PMI fell to 50.1 in December,sac longchamp, the lowest since June 2013, in line with a Reuters poll forecast; also released in December the official non-manufacturing business activity index rose slightly to 54.1, the second consecutive month.
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December manufacturing and non-manufacturing PMI down a one liter,parajumpers alaska jacka, indicating that the manufacturing sector in the transformation and upgrading of structural adjustment is still facing great difficulties and pressures in the non-manufacturing service industry maintained a rapid growth momentum, to stimulate economic growth increasing role. National Bureau of Statistics Service Sector Survey Center Senior Statistician Zhao Qing River on the interpretation of the data, said the whole China's economic restructuring is still steadily.
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China Logistics Information Center press release also believes that the trend, manufacturing PMI stabilized,nike free run, the chain fell narrowed; non-manufacturing business activity index increased MoM increase, indicating that the overall economic trend showing an overall stable trend, the annual economic growth will remain at a reasonable range.
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(But) because the manufacturing is located in the middle part of the overall production process. Therefore, fluctuations in manufacturing impact on the economy to be bigger. December manufacturing PMI close to the edge of the line ups and downs, and down to the lowest point of the year, means that the overall economy in the short term downward pressure has not eased. The center said, adding that the economy is expected is expected to rebound in 2015 after a quarter.
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In the manufacturing PMI, the production index was 52.2, 0.3 percentage points lower last month, affecting PMI fell 0.08 percentage points; new orders index was 50.4, down 0.5 percentage points from last month, affecting PMI fell 0.15 percentage points.
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The current domestic industrial structure adjustment at a critical stage, industrial producer prices continued to decline,swarovski collane, business investment underpowered related industries, production and orders affected. Zhao Qing River said, declining production and new orders component was the main reason for this month's PMI to fall.
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He also said that interpretation, the overall weak external demand makes export orders affected to some extent, in December the new export orders index was 49.1, remain at the critical point; due to the recent oil and other commodity prices have fallen sharply, the main raw material purchase price a further decline in the index, and related industries bring some impact on production,louboutin pas cher, in December the main raw material purchase price index was 43.2, down 1.5 percentage points since the 2014 lows.
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Bureau of Statistics data and display, sub-enterprise scale, large enterprises PMI was 51.4%, slightly down 0.2 percentage points from the previous month, the basic trend of large enterprises stable; small and medium enterprises PMI Continuous located below the critical point, respectively,adidas honey lo, 48.7% and 45.5 %, indicating that the production and operation of small enterprises still face many difficulties.
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According to the China Logistics Information Center Readjusting Relationship,escarpin louboutin, from the full year, the average level of manufacturing PMI 50.7, the previous two years is roughly equal to the average, did not show a significant decline in economic performance show enhanced stability, moderate growth in a reasonable range .
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At the same time, the employment situation is good, show the effectiveness of energy conservation, the economy is more coordination; accelerate structural adjustment, services and emerging industries to flourish, showing the balance of the economy significantly enhanced. He added that, together, the new normal economic platform being formed in 2015, the economy is expected to turn smoothly.
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Non-manufacturing PMI rebounded the second month
According to the China Federation of Logistics and Purchasing announcement, forecasting and early warning in order to play the role of good PMI, timely, fully reflect changes in the macroeconomic situation, starting this month, the manufacturing and non-manufacturing PMI index released on 1st of each month.
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Statistics show press release, different industries, the service sector business activity index was 53.3, up 0.7 percentage points from the previous month, indicating the total services business continued to rally,marc jacobs occhiali da sole, and the growth rate accelerated; construction business activity index was 57.1, down 1.8 percentage points from last month, indicating that the total construction enterprise business to maintain rapid growth, but the increase has narrowed.
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Since 2014, China promulgated a series of accelerating the development of service industries, promote industrial restructuring and upgrading of the effects of policies and measures to gradually appear, the second half of the service sector business activity index remained stable, always running around 53, ... where retail, telecommunications, Internet software, postal courier industry showed strong growth, indicating that China's service industry in general to maintain a rapid growth trend. Zhao Qing River Interpretation says.
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He said that with the construction of infrastructure and increase affordable housing to accelerate, the recent performance of the overall construction production activities more active since the beginning of December, although affected by the cold weather, construction activity slowed production, but this month construction industry business activity index remained at a high booming region.
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The new export orders index was 52.9 in December, up 3.6 percentage points from the previous month, the largest increase of the sub-item. By industry,escarpin louboutin occasion, construction of new export orders index was 64; the service sector new export orders index was 50.1.
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Employees index was 49.1,louboutin noir, down 0.4 percentage points,chaussure louboutin pas cher, indicating that non-manufacturing business and employment continued to decline; business activity expectations index was 59.5 last month edged down 0.2 percentage points higher in the booming region, indicating that non-manufacturing business-to-market development in the next three months is expected to remain optimistic.
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In addition, the China Logistics Information Center Wuwei believes in December non-manufacturing index of input prices and selling prices continued downward trend. Wherein the input prices index fell to a lower level of 50.1; sales price index is running for six consecutive months below 50, the lowest level this year.
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Down prices, especially in some of the lower prices of goods and services means that next year the market price increases deflationary pressures in major international commodity prices continued downward deflationary pressures have also increased. Wuwei said, should pay attention to guard against the risk of deflation, but to grasp the efforts to prevent price volatility, keeping prices stable and controllable.
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But he also pointed out that,anna karin occhiali da sole, on the whole, the non-manufacturing economy and stable growth momentum, the 2014 annual average business activity index of more than 54 runs in a high level,moncler report, under the new normal economic development in China has played a good role stabilizer .
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From 2015, the sustained and stable service sector activity, although unable to significantly enhance the economic growth in the short term,escarpin louboutin pas cher, but to foster new economic growth point, steady employment growth has laid a good foundation. Wuwei said that in the area of major strategic push all the way, new towns and regional economic coordinated development, infrastructure needs to support the role of the economy is expected to strengthen, construction activity will maintain rapid growth trend.
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HSBC China released on Wednesday, December manufacturing PMI final value slightly revised, but still recorded a seven-month low of 49.6. The new orders sub-index fell below the 50 mark for the first time since April and hit eight-month low.
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Domestic investment banks - CICC fixed-income team in the latest outlook report, from historical data, profits of industrial enterprises and PPI prices ahead of the manufacturing investment this year, profits of industrial enterprises continued to slow and PPI has maintained 37 consecutive months negative growth in manufacturing investment growth next year indicates a high probability continued to fall.
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In view of the manufacturing sector accounted for the largest investment in overall investment in fixed assets, weaker investment in manufacturing will continue to weigh on overall investment. Gold said, adding that this year the actual number of GDP, M2, CPI three key policy variables likely to ever simultaneously below the government target, which will touch stronger policy easing efforts.
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Bureau of Statistics released on Saturday from January to November industrial profits continued year on year growth to 5.3%, compared with January-October fell 1.4 percentage points; 11 the month of industrial profits and a record 27 months, the biggest monthly decline, It showed that Chinese economy still faces greater downward pressure.
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China's central bank pointed out that the latest quarterly meeting, continue to implement prudent monetary policy, pay more attention to an appropriate degree,hogan scontate, flexible use of various monetary policy tools to maintain appropriate liquidity to achieve a reasonable growth of money and credit and social financing scale.
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Macroeconomic situation China State Information Center research group on Monday released a report, in 2015 China's economy will show a steady trend of slow down, GDP is expected to grow by about 7%, policy recommendations continue to implement a proactive fiscal policy, and expand the budget deficit.
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Manufacturing PMI is a composite index, in accordance with international common practice, the weighting is made by the five main diffusion index. PMI index is usually above 50, reflecting the overall economic expansion; below 50, reflecting the economic recession.
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Non-manufacturing PMI index system, the business activity index, new orders index,cartier occhiali da vista, new export orders index in hand orders index, stock index, intermediate input price index, the price charged index, employing index and supplier delivery time index, operational activities expected index 10 index composition. More than 50 non-manufacturing sector reflects the economic expansion, below 50 reflects contraction.
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