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In September 2009, the CFLP China Manufacturing Purchasing Managers Index (PMI) was 54.3%, up 0.3 percentage points from the previous month.
The manufacturing PMI is a composite index that is weighted by five major diffusion indices in accordance with internationally accepted practices. Usually the PMI index is above 50%, reflecting the overall expansion of the economy; below 50%, reflecting the economic recession.
China's manufacturing PMI index rose slightly this month. In the sub-indices, compared with the previous month, the backlog of orders index, finished goods inventory index, import index, purchase price index and raw material inventory index decreased, and the other indexes rose. Among them, the new export order index and the employee index rose by more than 1 percentage point; the purchase price index fell for the first time in the last 10 months, a large drop, reaching 5.1 percentage points; the other indexes changed little, both in Within 1 percentage point.
Of the 20 industries in this month, 15 are higher than 50%, and 3 industries have reached more than 60%. In terms of product types, raw materials and energy companies are slightly less than 50%; intermediate goods, consumer goods and manufactured goods are higher than 50%, of which consumer goods are the highest, reaching nearly 58%.
In response to the survey of manufacturing purchasing managers in September, special analyst Zhang Liqun said: "The PMI index continued to increase at a higher level in September. From the classification index, the new export orders and employees' index of industrial enterprises increased significantly. It shows that China's economy will continue to rise, and it is accompanied by a rebound in employment and income growth. The recovery is sustainable. From the current PMI index changes, China's economic growth rate is expected to continue to increase in the future. The government is still playing a bigger role in the current economic recovery. The transition from government-backed economic growth to corporate, residents, and market-supported economic growth has not yet been completed, and the foundation for sustained and rapid economic growth has not been consolidated. Therefore, macroeconomic policies must Continue to focus on maintaining growth, continue to focus on economic restructuring, and continue to focus on deepening reform."
The new order index rose slightly. The new orders index for the month was 56.8%, up 0.5 percentage points from the previous month. In terms of industries, 15 of the 20 industries are higher than 50%, of which 9 industries such as tobacco products, beverage manufacturing, food processing and manufacturing reached more than 60%. From the perspective of product types, raw materials and energy companies are less than 50%; intermediate goods, consumer goods and manufactured goods are higher than 50%, especially in consumer goods category, reaching more than 60%.
The new export order index rose. The new export order index for this month was 53.3%, up 1.2 percentage points from the previous month. Among the 20 industries, 11 industries are higher than 50%, and 5 industries have reached more than 60%. From the regional perspective, the eastern, central and western regions are all above 50%, with the east being slightly lower, and the middle and west being higher, exceeding 55%.
The production index remained stable. The production index for this month was 58.0%, a slight increase of 0.1 percentage points from the previous month. In terms of industries, in the 20 industries, the three industries of electrical machinery and equipment manufacturing, ferrous metal smelting and rolling processing, petroleum processing and coking industry are less than 50%, and the remaining 17 industries are higher than 50%, among which tobacco Seven industries, including the product industry, beverage manufacturing, food processing and manufacturing, have reached more than 60%.
The finished goods inventory index fell slightly. The finished goods inventory index for this month was 46.0%, down 0.5 percentage points from the previous month. In terms of industries, in 20 industries, ferrous metal smelting and rolling processing, non-ferrous metal smelting and rolling processing industries are higher than 50%; general equipment manufacturing is located at 50%; and 13 industries are lower than 50 %. In terms of product types, raw materials and energy companies are above 50%; intermediate goods, consumer goods and manufactured goods are all below 50%.
The purchase price index fell. The purchase price index for this month was 57.5%, down 5.1 percentage points from the previous month, the first decline for 10 consecutive months. In terms of industries, in the 20 industries, the five industries of metal products industry, general equipment manufacturing, ferrous metal smelting and rolling processing industry are less than 50%, and the remaining 15 industries remain above 50%. In terms of product types, raw materials and energy, intermediate goods and consumer goods companies continued to maintain a high level, still above 58%; production-type finished goods enterprises fell significantly, slightly higher than 50%.
In September 2009, the China Federation of Logistics and Purchasing released the China Manufacturing Purchasing Managers Index at 54.3%.