1. Friday May 25, 2018
      Home > News > Economy
      Text:| Print|

      PMI reaches 11-month high in March

      2013-04-02 08:13 Global Times     Web Editor: qindexing comment

      An improvement in domestic and external demand helped China's factory activity rebound in March but still fell short of market expectation, a sign that the world's second largest economy is returning to growth but still fragile, the official purchasing managers' index (PMI) showed Monday.

      The index, a major gauge of the country's manufacturing activities released by the National Bureau of Statistics (NBS), rose to an 11-month high of 50.9 in March, from 50.1 in February, and above the 50-point level which divides economic expansion from contraction.

      The new orders component of the PMI rebounded to 52.3 from 50.1 in February, and the component of new export orders picked up to 50.9 from 47.3, showing an improvement in demand.

      "This reading indicates growth has held up after a relatively slow start in the first two months of the year," Song Yu, a China economist at Goldman Sachs, told the Global Times in a research note on Monday.

      A separate HSBC survey measuring activities of small and medium-sized enterprises showed the PMI climbing to 51.6 in March, up from February's 50.4, and quite consistent with the official PMI trend.

      However, Song pointed out that the PMI rebound seems strong partially due to the weaker reading in February, which was dragged down by holiday and seasonal factors.

      That the current level is slightly over 50 points suggests that the growth momentum has stabilized, but headwinds remain, Liu Ligang, chief China economist at ANZ Banking Group, told the Global Times in a research note.

      The official PMI rose by an average of 3 percentage points from February to March over the period between 2005 and 2012, but rose by only 0.8 percentage points in 2013, indicating that the current economic recovery is weak, said Zhang Zhiwei, chief China Economist at Nomura Securities.

      The 50.9 reading is below the market consensus of 51.2, and could force economists to cut their GDP forecasts for the first quarter of 2013, Lu Ting, China economist with Bank of America Merrill Lynch, said in a research note on Monday.

      The official PMI survey showed a declining trend in the input price sub-index which slumped to 50.6 in March from 55.5 in February, and the inventory of raw materials sub-index also dropped to 47.5 in March from 49.5, despite an improvement in the inventory of finished goods.

      Comments (0)

      Copyright ©1999-2011 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 伊人久久亚洲综合| 亚洲三级在线视频| 免费视频成人片在线观看| 亚洲第一区视频在线观看| 日韩高清免费在线观看| 中国一级特黄的片子免费| 亚洲熟妇av一区| 亚洲国产成人久久精品99 | 亚洲视频免费在线播放| 亚洲AV日韩综合一区尤物| 亚洲高清无码专区视频| 黄网站色在线视频免费观看| 特级毛片全部免费播放| 亚洲av无码成人黄网站在线观看| 女人张开腿给人桶免费视频| 国产精品免费在线播放| 久久久国产亚洲精品| 亚洲国产另类久久久精品小说| 亚洲一区二区三区免费视频| 人人鲁免费播放视频人人香蕉| 亚洲第一二三四区| 亚洲欧洲日产国码无码久久99 | 国产精品亚洲二区在线观看| 精品成在人线AV无码免费看 | 性xxxx黑人与亚洲| 久久久久久久综合日本亚洲| 日本免费观看网站| 国产成人精品免费视频大全麻豆 | 亚洲国产高清国产拍精品| 亚洲av女电影网| 老司机亚洲精品影视www| 永久免费av无码不卡在线观看| 国产免费阿v精品视频网址| 久久久久亚洲AV无码去区首| 亚洲国产精品成人综合久久久| 狠狠亚洲婷婷综合色香五月排名| 女人被弄到高潮的免费视频| 最刺激黄a大片免费网站| 免费无码又爽又刺激网站| 无套内射无矿码免费看黄| 亚洲综合av一区二区三区不卡|