March China's manufacturing PMI was 50.1% above the critical point

In March 2015, with the increase in business start-up after the Spring Festival and the improvement of market expectations by the national steady growth policy, the China Manufacturing Purchasing Managers Index (PMI) was 50.1%, a slight increase of 0.2 percentage points from the previous month, returning to the critical point. Above.

In terms of scale of enterprises, the PMI of large enterprises was 51.5%, up 1.1 percentage points from the previous month, and continued to be in the expansion range, which was generally stable and rising; the PMI of small and medium-sized enterprises was 48.3% and 46.9%, respectively, down 1.1 and 1.2 percentage points. , still below the critical point.

From the classification index, among the five sub-indices that constitute the manufacturing PMI, the production index, the new order index and the supplier delivery time index are above the critical point, and the employee index and the raw material inventory index are below the critical point.

The production index was 52.1%, up 0.7 percentage points from the previous month, above the critical point, indicating that manufacturing production continued to expand and the growth rate accelerated.

The new order index was 50.2%, down 0.2 percentage points from the previous month and still above the critical point, indicating that the manufacturing market demand continued to grow, but the growth rate slowed down.

The employee index was 48.4%, up 0.6 percentage points from the previous month, below the critical point, indicating that the manufacturing industry continued to decrease, but the decline narrowed.

The raw material inventory index was 48.0%, down 0.2 percentage points from the previous month and still below the critical point, indicating that the inventory of raw materials for manufacturing production continued to decrease.

The supplier's delivery time index was 50.1%, up 0.2 percentage points from the previous month and rising above the critical point, indicating that the delivery time of manufacturing raw material suppliers has increased slightly.

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