Huifeng: China demands and outside must recover situation to continue

Zhongxin News Agency Shanghai, October 3 – (by Jiang Yu) Huifeng issued today Chinese manufacturing industry PMI (manufacturing industry purchases managers index), this index after seasonal adjustment records 55, was approximately impartial with last month. This is Huifeng China manufacturing industry PMI pauses consecutively for six months above 50 fluctuation boundaries.

Huifeng China chief economist Qu Hongbin pointed out that in September in the PMI classification index the manufacturing industry employment number rises again largely, and enterprise new service growth continues to accelerate, showed that China demands with outside must recover the situation to continue. But the preliminary infrastructural investment is the leading recovery started to draw the consumer segment to rise again, this point manifests in the manufacturing industry department employment rise.

In September the Chinese manufacturing industry’s employment rate continues to rise, this tendency has continued for four months, the data demonstrated that the employed population increased range expands, creates 25 month new high. According to Huifeng analyzes, manufacturing industry employment rise is mainly because the sales volume grows.

It is reported that Chinese manufacturing industry in September receives the new business volume rises for the sixth consecutive month, the overseas order volume rises for the fourth consecutive month, since has created for 27 months the second big rise. Huifeng refers to this because mainly domestic and foreign demands rise again.

In September the Chinese manufacturing industry product price presents the rise for the third consecutive month, when the related manufacturer accepts Huifeng investigates said that raises the product price the reason to lie in the raw materials price to rise. The investigation discovered that the corn, iron ore, petroleum and steel products rose in prices, lead the invested cost to rise comprehensively. (End)

(This article originates: China News)