PMI in January was 55.8%, indicating that my country's economy will turn from rebound to stability

The China Federation of Logistics and Purchasing (CFLP) announced on the 1st that China’s Manufacturing Purchasing Managers’ Index (PMI) for January 2010 was 55.8%, a decrease of 0.8 percentage points from the previous month, indicating that my country’s economy is shifting from recovery to stability. During the critical period, the positive effect of exports on economic growth has gradually increased.

From the perspective of 11 sub-indexes, compared with December 2009, there was a “five decline and six rise”. Production index, new order index, backlog order index, purchase volume index, and employee index declined. The backlog order index dropped significantly, with a drop of 2.5%; new export order index, finished product inventory index, import index, purchase Import price index, raw material inventory index, and supplier delivery time index increased, among which the purchase price index rose by 1.8%.

Specifically, the January new order index was 59.9%, down 1.1%; the production index was 60.5%, down 0.9%; the import index was 53.4%, up 0.9% Percentage points; the new export order index ended its two-month decline, rising by 0.6 percentage points to 53.2% in January; the purchase price index was 68.5%, an increase of 1.8 percentage points.

In response to the survey of manufacturing purchasing managers in January, special analyst Zhang Liqun analyzed that the PMI index continued to maintain a relatively high level in January, with a slight decline, indicating that the continued upward trend of industrial production may stabilize; the new export order index continues to increase, indicating that The export situation may continue to improve; the purchase price index continues to increase, which means that the production cost of enterprises will continue to increase. Combined with the current economic performance, my country's economic recovery is expected to stabilize, and the positive effect of exports on economic growth will increase. Increased costs and intensified market competition may make enterprises face a more severe development environment.