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According to the statistics provided by Department of Service Statistics of National Bureau of Statistics of China, China's manufacturing purchasing managers index (PMI) was 50.4 percent in January 2013, down by 0.2 percentage points month-on-month.
In view of the sizes of enterprises, the PMI of large-sized enterprises was 51.3 percent, increased 0.2 percentage points month-on-month, and that of medium-sized and small-sized enterprises were 49.7 and 46.2 percent, decreased 0.2 and 1.9 percentage points month-on-month respectively.
In January, among the five sub-indices composing PMI, three sub-indices increased, while that of the other two sub-indices decreased.
Employed person index was 47.8 percent, decreased 1.2 percentage points month-on-month, and stayed below the threshold for eight consecutive months, which indicated that the employment in manufacturing enterprises continued to reduce. In view of different industries, the employed person indices of 8 industries including foods, liquor, beverages and fine tea manufacturing, pharmaceutical manufacturing, automobile manufacturing, tobacco manufacturing, agro-food processing industry, smelting and processing of non-ferrous metal ores etc. were above the threshold, and the employment increased. The employed person indices of 14 industries including textile wearing apparel manufacturing, fabricated metal products manufacturing, computer communications, electronic equipment and instrumentation manufacturing, railways, ship, aerospace and other transportation equipment manufacturing, paper, printing and cultural, educational, sporting goods manufacturing, processing of timber and furniture manufacturing were below the threshold, and the employment decreased in varying degrees.
Production index was 51.3 percent, decreased 0.7 percentage points month-on-month, indicating that manufacturing production kept expanding, while the growth rate decreased. In view of different industries, the production indices of 10 industries including tobacco manufacturing, foods, liquor, beverages and fine tea manufacturing, automobile manufacturing, agro-food processing industry, paper, printing and cultural, educational, sporting goods manufacturing etc. were above the threshold, and the production increased, among which the industries related with consumer goods stood out.
The new orders index was 51.6 percent, up by 0.4 percentage points month-on-month, showing that the manufacturing market demand continued to get warm. In view of different industries, the new orders indices of 11 industries including tobacco manufacturing, foods, liquor, beverages and fine tea manufacturing, automobile manufacturing, agro-food processing industry, pharmaceutical manufacturing, manufacturing of general equipment etc. were above the threshold, and the market demand increased.
Main raw materials inventory index was 50.1 percent, up by 2.8 percentage points month-on-month, indicating that the raw materials inventory turned to increase from decrease.
Supplier delivery time index was 50.0 percent, indicating that the manufacturing supplier delivery time changed little compared with the previous month.
Written by: Anita Cheng
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