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2015 August PMI index review: the manufacturing sector has stabilized trend has not changed

Release Time:2015-09-06

The August manufacturing PMI index was 49.7%, down 0.3 percentage points from last month, returned to the ups and downs of the line again, from the sub index, sluggish domestic demand significantly dragged down the performance of the new orders index, the manufacturing industry boom continues to decline. But excessive pessimism is unnecessary. But from the seasonally adjusted data, most of the indicators in the seasonally adjusted only slightly downward trend, seasonally adjusted are stable or even slightly, the manufacturing sector is still relatively stable, steady trend has not changed. Although the service industry boom index fell slightly, but overall is still in high level, overall, the three quarter of the possibility of economic stabilization is still too large.

The PMI index and the breakdown of the performance are weak, but the seasonally adjusted trend is basically stable.

The August 2015 PMI index fell 0.3 percentage points to 49.7%, seasonally adjusted decline of 0.1 percentage points, compared with the past few years, the ring is relatively weak, but the seasonally adjusted trend is still slightly upward trend.

Of enterprise scale, large enterprises PMI was 49.9%, down 0.7 percentage points, the first time this year to fall below the critical point; medium PMI was 49.8%, down 0.2 percentage points below the critical point, small and medium enterprises; PMI was 48.1%, up 1.2 percentage points from the previous month, continued to shrink at the interval however, the contraction amplitude decreased.

The breakdown, the production index of 51.7%, down 0.7 percentage points, seasonally adjusted slightly down 0.1 percentage points; the new orders index continued to fall 0.2 percentage points to 49.7%, seasonally adjusted down 0.6 percentage points; new export orders fell 0.2 percentage points to 47.7%, seasonally adjusted down 0.2 percentage points, the domestic demand is shrinking the reason, drag the new orders index but seasonally adjusted index trend is still in a relatively stable state.

To inventory smoothly, restocking continues.

Raw materials inventory index in 2015 August fell 0.1 percentage points to 48.3%, seasonally adjusted flat, seasonally adjusted trend will continue to rebound slightly; finished stock index fell 0.2 percentage points to 47.2%, seasonally adjusted dropped 0.45 percentage points, seasonally adjusted trend is declining. From the inventory of raw materials and finished goods inventory in the seasonally adjusted trend, restocking continues.

Non manufacturing business activity index and service industry index fell slightly in August.2015 PMI non manufacturing business activity index edged up 0.5 percentage points to 53.4%, seasonally adjusted rise of 0.5 percentage points; the service industry PMI fell 0.2 percentage points to 52.6%, seasonally adjusted sharply down 0.6 percentage points, but the season two the trend is rising.

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