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People's Daily Online>>China Business

Beijing to release Purchasing Managers index in 2012

By Tu Lufang (Beijing Daily)

14:57, February 23, 2012

Edited and translated by People's Daily Online

Beijing will improve its comprehensive development rating system, and release the Beijing Purchasing Managers Index (PMI) this year, the city’s bureau of statistics recently said at a meeting.

Internationally, the PMI is a monthly released comprehensive leading indicator of the production and distribution activity in the manufacturing and non-manufacturing sectors. At present, the National Bureau of Statistics and China Federation of Logistics and Procurement regularly release separate PMI data for the country’s manufacturing and non-manufacturing sectors every month.

Economic indicators have become more important for the monitoring and early warning of China’s national macroeconomic performance in 2012, when the country is faced with complex external economic environment and continued inflationary pressure.

Since the global financial crisis, China’s PMI data have accurately reflected the development trend of the country’s real economy, providing important reference for government agencies and companies.

An official from the municipal bureau of statistics said that Beijing’s PMI data have been collected for many years as an important component of national PMI data. The municipal government will start releasing the Beijing PMI this year, so local residents and companies will have a better understanding of the changes in the city’s manufacturing sector.

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