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PMI Report on China Manufacturing Oct 2016

PMI stays stable at 50.4 in September

Output, New Orders, New Export Orders, Purchases of Inputs, Imports, Expanding. Stocks of Finished Goods, Backlogs of Orders, Stocks of Major Inputs, Contracting. Input Prices, Rising. Suppliers’ Delivery, Slower. Business Expectations, Optimistic.

China’s manufacturing PMI came in at 50.4 in September, staying in the expansionary zone for the second consecutive month. The September PMI indicates that the manufacturing sector in China has continued to expand in recent months.

7 of the 12 sub-indices were higher than their respective levels in the previous month. The output index rose to a 15-month high of 52.8 in September, indicating that output growth has been strong recently. Besides, the new export orders index went up by 0.4 pts from the previous month to 50.1 in September, showing that the month-on-month growth of new export orders has turned positive. Meanwhile, the input prices index climbed to 57.2 in September. In fact, the index has risen for three consecutive months, indicating that the prices of production inputs have gone up at a faster pace.

By size of enterprises, the PMI of ‘large enterprises’ went up to 52.6 in September from 51.8 in August. In contrast, the PMI of ‘medium enterprises’ fell to 48.2 in September from 48.9 in August, while the PMI of ‘small enterprises’ dropped to 46.1 in September from 47.4 in August. The output index was 52.8 in September, up slightly from 52.6 in August.

The output index of ‘large enterprises’ went up to 56.1 in September from 54.9 in August; the output index of ‘medium enterprises’ was 50.2 in September, up slightly from 50.1 in August; the output index of ‘small enterprises’ fell to 44.2 in September from 47.8 in August.

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Content provided by Fung Business Intelligence
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