PMI Data

Beijing Review - - This Week Economy -

China’s man­u­fac­tur­ing sec­tor ex­panded for the 13th straight month in Au­gust, the Na­tional Bureau of Statis­tics (NBS) said on Au­gust 31.

The coun­try’s man­u­fac­tur­ing pur­chas­ing man­agers’ in­dex (PMI) came in at 51.7 in Au­gust, up from 51.4 in July, ac­cord­ing to NBS data.

A read­ing above 50 in­di­cates ex­pan­sion, while a read­ing be­low re­flects con­trac­tion.

“The read­ing, the sec­ond high­est so far this year, showed a steady up­ward trend of China’s man­u­fac­tur­ing sec­tor,” said NBS se­nior statis­ti­cian Zhao Qinghe.

Zhao at­trib­uted the quick­ened ex­pan­sion to im­prov­ing do­mes­tic de­mand and boom­ing man­u­fac­tur­ing in con­sumer goods and hi-tech sec­tors.

Sub-in­dices for pro­duc­tion and new or­ders came in at 54.1 and 53.1, re­spec­tively, up from 53.5 and 52.8 in July sug­gest­ing an im­proved sup- ply and de­mand re­la­tion­ship, said Zhao.

The im­port sub-in­dex rose from 51.1 in July to 51.4 in Au­gust, the high­est so far this year, ac­cord­ing to the NBS.

Equip­ment man­u­fac­tur­ing re­ported a PMI fig­ure of 52.8, higher than the head­line man­u­fac­tur­ing in­dex of 51.7, in­di­cat­ing a bet­ter man­u­fac­tur­ing struc­ture.

On the other side of the equa­tion, China’s non-man­u­fac­tur­ing sec­tor ex­panded at a slightly slower pace in Au­gust, NBS data showed.

The non-man­u­fac­tur­ing PMI came in at 53.4 in Au­gust, down from 54.5 in July, ac­cord­ing to the NBS.

“Though at a slower pace, the per­for­mance of China’s non-man­u­fac­tur­ing sec­tor con­tin­ues to main­tain ro­bust mo­men­tum,” Zhao said.

Zhao at­trib­uted the slower ex­pan­sion to rain­storms and floods in cer­tain re­gions that af­fected the con­struc­tion in­dus­try.

The ser­vice sec­tor, which ac- counted for more than half of the coun­try’s GDP last year, saw slower ex­pan­sion in Au­gust, with the in­dex stand­ing at 52.6, down from 53.1 in July.

New busi­ness or­ders came in at 50.3 in Au­gust, up from 50.2 in July, stay­ing above 50 for the fourth straight month.

The in­dex for the con­struc­tion in­dus­try, which was af­fected by ex­treme weather, dropped from 62.5 in July to 58 in Au­gust, ac­cord­ing to the NBS.

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