The New Orders Index For Textile Industry Has Been Below The Critical Point For Two Consecutive Months.

In August 2010, China's Manufacturing Purchasing Managers Index (PMI) was 51.7%, up 0.5 percentage points from last month.

After a three month decline, the index has picked up this month and has been at a critical point above 50%, indicating that China's manufacturing economy is still growing.

August 2010 constitutes

The production index was 53.1%, 0.4 percentage points higher than last month, and nineteen months above the critical point, indicating that manufacturing enterprises maintained steady growth.

Judging from the industry situation, the production volume of beverage manufacturing, metal products, petroleum processing and coking, agricultural and sideline food processing and food manufacturing industry increased significantly than that of last month. The production of ferrous metal smelting and calendering processing and non-ferrous metal smelting and calendering processing industry declined after two consecutive months, and the production index of chemical fiber manufacturing and rubber plastic products, pharmaceutical manufacturing, pportation equipment manufacturing and other industries were placed below the critical point for two consecutive months, and the production volume of enterprises continued to decline.

According to the regulation mode, the production index of large and medium-sized enterprises has picked up and maintained above the critical point. The production index of small enterprises has dropped to below the critical point.

The new order index was 53.1%, up 2.2 percentage points from last month.

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The employment index was 51.7%, down from 0.5 percentage points last month, and six months above the critical point, indicating a steady growth in demand for manufacturing labor.

From the perspective of the industry, the volume of labor in the metal products industry, agricultural and sideline food processing and food manufacturing industries increased significantly, and the employment volume of enterprises in the textile and tobacco products industries dropped from last month.

The supplier delivery time index was 50.7%, higher than the 0.8 percentage point of last month, and above the critical point, indicating that the delivery time of manufacturing raw material suppliers was slightly faster than that of last month.

The survey shows that the main raw material purchase price index is 60.5%, a 10.1 percentage point increase over last month.

According to the industry, the purchase price of the main raw materials in the 20 industries is only lower than that of the previous month. Other industries have increased to varying degrees over the previous month. The prices of major raw materials, such as pharmaceutical manufacturing, agricultural and sideline food processing and food manufacturing, wood processing, Taketo palm grass products and furniture manufacturing industry, have risen considerably. The purchase price index is at a high level of more than 70%; the purchase price of major raw materials in ferrous metal smelting and calendering processing and chemical fiber manufacturing and rubber and plastic products industry has been rising again in recent months; the price of the main raw materials purchased in textile industry has narrowed significantly.

This month, enterprises reflected the frequent occurrence of geological disasters due to extreme weather, and the railway pportation in some areas was tense, and the procurement of enterprises was more difficult.