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According to the National Bureau of Statistics of China, China’s manufacturing purchasing managers index (PMI) was 50.6 percent, up by 0.4 percentage points mon-on-month.
In November 2012, among the five sub-indices composing PMI, three sub-indices (production, new orders, main raw materials inventory) increased, while that of the other two sub-indices (employed person, supplier delivery time) decreased.
Employed person index was 48.7 percent, decreased 0.5 percentage points month-on-month, stayed below the threshold for six consecutive months, indicating that the employment in manufacturing enterprises continued to reduce. In view of different industries, the demand for employment of agro-food processing industry, food, wine, beverages and refined tea manufacturing, and pharmaceutical manufacturing increased. Employed person index of paper printing industry, cultural, educational, sporting goods manufacturing, textile industry, and fabricated metal products manufacturing positioned below the threshold, showing that employment continued to decrease.
This survey covers 31 divisions of manufacturing sector in the Industrial Classification for National Economic Activities, and a total of 820 sampling enterprises countrywide.
Written by: Anita Cheng
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