China's PMI higher than 55% in March

14:01, April 02, 2010      

Email | Print | Subscribe | Comments | Forum 

The Purchasing Managers' Index (PMI) – an important economic indicator – of China's manufacturing sector rose to over 55 percent in March, up over 3 percentage points from the previous month, according to a report released on April 1 by the China Federation of Logistics and Purchasing (CFLP) and the National Bureau of Statistics (NBS).

The report stressed that the PMI has remained above 50 percent for 13 consecutive months. A PMI of 50 percent or more represents expansion in manufacturing, while less than 50 percent is a signal that the sector is contracting. This means that China's manufacturing industry has continued to maintain an steady, accelerated growth rate, and economic recovery is underway.

A survey showed that five sub-indices of the PMI all became higher in March. The production index rose more than 4 percent to more than 58 percent, indicating an accelerated production pace for the manufacturing industry and a steady increase in enterprises' output. The new order index rose over 4 percentage points to 58 percent, indicating a considerable increase in the number of new orders received by the manufacturing industry and an increasingly higher market demand.

The raw material index rose more than 2 percent to more than 50 percent in March, and the employment index rose 3 percent to about 53 percent, the highest over the past six months. The purchasing price of raw materials index rose 4 percent points to over 65 percent.

By People's Daily Online


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Photo taken on Sept. 27, 2011 shows the Erqi Yangtze River Bridge in Wuhan, capital of central China's Hubei Province. The two sections of the bridge were joined on Tuesday. The seventh cross-Yangtze River bridge of Wuhan City is the largest three-tower cable-stayed bridge with 616 meters of main span. The bridge is expected to be put into operation in the end of 2011. (Xinhua/Xiao Yijiu)
  • Members of civil organizations who oppose laws that allow voluntary abortion, participate in a protest in front of the Supreme Court in Mexico City, capital of Mexico, on Sept. 26, 2011. The Supreme Court began on Monday a debate on a constitutional reform in the states of Baja California and San Luis Potosi, which establish the beginning of the right to life during conception, contradicting the federal constitution. (Xinhua/Claudio Cruz)
  • Actors perform during the opening ceremony of the China Today Art Week in Malmo, Sweden, Sept. 26, 2011. (Xinhua/Liu Yinan)
  • ATP top 1 and UNICEF National Ambassador for Serbia Novak Djokovic plays with children at kindergarten "Brownie" in Smederevo, central Serbia, on Sept. 26, 2011. The kindergarten is specialized for children with disabilities and refugees. Djokovic was appointed as a UNICEF National Ambassador for Serbia last August. (Xinhua/Vladimir Gogic)
  • Photo taken on Sept. 26, 2011 shows the Shundang Caifeng Bridge in Yunlong County of Dali Bai Autonomous Prefecture, southwest China's Yunnan Province. The Shundang Caifeng bridge, a wooden cantilever bridge of almost 400 years, is still used for transportation and tourism. Across the rivers of Dali Bai Autonomous Prefecture stand many bridges with antique flavour, attracting a lot of tourists. (Xinhua/Chen Haining)
  • Photo taken on Sept. 26, 2011 shows the exterior view of the Mali Hospital in Bamako, Mali. The Mali Hospital, built with Chinese aid, officially opened on Monday. (Xinhua/Wang Zizheng)
Hot Forum Discussion