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January PMI of 55.8% indicates that China's economy is turning from recovery to stability.
China Federation of Logistics and Purchasing (CFLP) announced on January 1, 2010 that China's Manufacturing Purchasing Manager Index (PMI) was 55.8%, down 0.8 percentage points from last month, indicating that China's economy is in a critical period from recovery to stability, and the positive role of exports in economic growth is gradually increasing.
According to 11 sub-index, compared with December 2009, it shows "five declines and six rises". Production index, new order index, backlog order index, purchasing volume index and employee index declined, among which backlog order index declined by 2.5 percentage points; new export order index, finished product inventory index, import index, purchase price index, raw material inventory index and supplier distribution time index increased, among which purchase price index increased. The increase was large, reaching 1.8 percentage points.
Specifically, the new order index in January was 59.9%, down 1.1 percentage points; the production index was 60.5%, down 0.9 percentage points; the import index was 53.4%, up 0.9 percentage points; the new export order index ended two consecutive months of decline, up 0.6 percentage points to 53.2% in January; and the purchase price index was 53.2%. 68.5%, up 1.8 percentage points.
According to the survey of purchasing managers in manufacturing industry in January, Zhang Liqun, a special analyst, concluded that the PMI index remained at a relatively high level in January, with a slight decline, indicating that the trend of industrial production will be stable; the new export order index will continue to rise, indicating that the export situation may continue to improve; and the continuous increase of the purchase price index will mean that the production cost of enterprises will increase. Continue to increase. Combining with the current economic operation, China's economic recovery trend is expected to stabilize, the positive role of exports in economic growth will be enhanced, and the enterprises may face more severe development environment due to higher costs and intensified market competition.
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