China's manufacturing sector continues to maintain growth

03 Sep '14

2 min read

After having increased for five consecutive months, China’s manufacturing purchasing managers index (PMI) in August 2014 fell 0.6 percentage points over the previous month. But it was still at the second highest point since the beginning of this year, indicating that China’s manufacturing sector continues to maintain general growth trend.

China’s manufacturing PMI in August 2014 was 51.1 percent, according to the information released by the Department of Service Statistics of the National Bureau of Statistics of China.

In terms of the size of enterprises, the PMI of large-scale enterprises was 51.9 percent, decrease of 0.7 percentage points compared to PMI of 51.2 percent in July 2014. However, the PMI stayed above the threshold, and was the second highest point this year, providing the primary supporting strength for continued growth of the manufacturing sector.

Likewise, the PMI of medium-sized enterprises was 49.9 percent, down 0.2 percentage points month-on-month. The PMI for these enterprises dropped below the threshold level after staying above it for four consecutive months.

The PMI of small-scale enterprises was 49.1 percent, down 1.0 percentage point month-on-month.

In August, among the five sub-indices composing PMI, the production index and new orders index were above the threshold. Production index was 53.2 percent, showing a decrease of 1.0 percentage point month-on-month, but 0.2 percentage points higher than the average this year.

New orders index was 52.5 percent, registering a drop of 1.1 percentage points month-on-month, but 0.7 percentage points higher than the average this year.

Among other sub-indices, new export orders index stayed at the threshold at 50.0 percent, while import index declined by 0.8 percentage points month-on-month to 48.5 percent. Import index had stayed below the threshold since December 2013. (RKS)

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