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New order index of textile industry below critical point

New order index of textile industry below critical point Source: www.ccfgroup.com
Date: 18-02-2013
Visits: 209
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Information released by the National Bureau of Statistics on February 1 showed that China's manufacturing purchasing manager index (PMI) was 50.4 percent in January, down 0.2 percentage points from the previous month, but still above the critical point.

New order index was 51.6 percent, an increase of 0.4 percentage points from the previous month, the highest point since May 2012, market demand of manufacturing continued to get warmer. New order index of 10 industries including the textile industry located below the critical point, market demand fell.

The survey results reflected that new export order index of manufacturing sector was 48.5 percent, down 1.5 percentage points from the previous month, falling below the critical point, indicating that export amount of manufactured goods decreased; import index was 49.1 percent, 0.1 percent higher than the previous month, continuing to be located below the critical point, indicating that the manufacturing industry continued to decline raw material imports used in production.

Raw material inventory index was 50.1 percent, an increase of 2.8 percentage points over the previous month, for the first time above the critical point since May 2011, indicating that inventory of raw materials for the manufacturing sector increased from decline. Raw material inventory index of 12 sectors, including textile and apparel industry, were still located below the critical point, reflecting their raw materials inventory declined.

Employee index was 47.8 percent, down 1.2 percentage points from the previous month, it was located below the critical point for eight consecutive months, indicating that employment of manufacturing enterprise continued to decrease. Employee index of 14 industries, including textile and apparel industry was located below the critical point, showing their employment reduced in varying degrees.

Purchase price index of main raw materials by chemical fiber and rubber and plastic products industries was more than 60 percent.

Expectation index of production and business activities was 55.9 percent, located above the critical point, indicating that production and business activities of manufacturing enterprises are expected to be optimistic in the next three months.
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