Home / Knowledge / News / Economic indicators point to slow revival of economy
Economic indicators point to slow revival of economy
06
Feb '09
According to the PMI data released yesterday by China Federation of Logistics and Purchase, Chinese manufacturing Purchasing Managers Index (PMI) in January was 45.3 percent, showing a rise for the second consecutive month since setting a record low in November of last year.

The manufacturing PMI index, if higher than 50 percent reflects overall expansion of the economy, while a PMI index less than 50 percent reflects an economic recession.

Experts believe that the January PMI index shows that China's economy has gradually picked itself up from the bottoms and is expected to witness a rebound in the first quarter. Due to the Spring Festival, these changes could not be identified until the publication of economic indicators of January.

Compared with the previous month, among 12 indexes, only inventory index of finished goods and employ index fell, while all other indexes significantly increased by as much as 3 percent. Among them, production index, new order index, procurement index, import index and purchase price index rose by than 6 percent.

It is worth noting that employment opportunities are still shrinking, so employment pressure has not been reduced. January Practitioner Index was 43.0 percent, a slight decrease of 0.3 percentage points from the previous month. This employment index has declined for five consecutive months since last September.

Since the beginning of 2009, the global manufacturing scenario continues to be overcast and while China's production data is better than other countries, the manufacturing PMI index still remains at a lower level.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 22nd Feb 2017

Bangladesh exporters want duty-free access to US, Brazil

Garment and apparel exporters of Bangladesh are seeking duty-free...

Textiles | On 22nd Feb 2017

India to produce 341 lakh bales cotton in 2016-17: CAI

The Cotton Association of India (CAI) has maintained in its January...

Textiles | On 22nd Feb 2017

'India to be self-sufficient in silk production by 2020'

Indian could be self-sufficient in silk production by the year 2020...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search