Sino-report
Home Sign in Research report Data Center Industry News Custom Research About us
Research report:                          Automotive  |  Electronics  |  Mechanical&Automation  |  New Energy  |  Medical  |  Advanced Materials  |  Building Products  |  Transportation  |  Communication  |  Chemical  |  Finance  |  IT Industry  |  Food  |  Home Appliances  |  Forestry  |  Agriculture  |  Textile  |  Culture Industry  |  Consumer goods  |  Others  |
 Home > Data Center > Finance > Text
Purchasing Managers Index for June 2018
Author:sino    Source:Sino-report    Number of clicks :     Update time:2018-07-06 10:39
In June 2018, China's manufacturing purchasing managers index (PMI) was 51.5 percent, a decrease of 0.4 percentage points from last month...
Department of Service Statistics of NBS
China Federation of Logistics and Purchases (CFLP)
 
1. Manufacturing purchasing managers index
 
In June 2018, China's manufacturing purchasing managers index (PMI) was 51.5 percent, a decrease of 0.4 percentage points from last month, and was 0.2 percentage points higher than the average of the first half of the year. The manufacturing industry continued to maintain its expansion generally. 
 

 
In view of the sizes of enterprises, the PMI of large-sized enterprises was 52.9 percent, decreased 0.2 percentage points from last month, and kept staying above the threshold; that of medium-sized enterprises was 49.9 percent, decreased 1.1 percentage points from last month, and dropped below the threshold; that of small-sized enterprises was 49.8 percent, increased 0.2 percentage points from last month, and was still below the threshold.  
 
Among the five sub-indices composing PMI, the production index, new orders index and supplier delivery time index were higher than the threshold. The main raw materials inventory index and employed person index and were lower than the threshold.
 
Production index was 53.6 percent, decreased 0.5 percentage point from last month, and was still in the expansion range, indicating that manufacturing production has maintained growth, while the growth rate has slowed down.
 
New orders index was 53.2 percent, a decrease of 0.6 percentage points month-on-month, and continued to be higher than the threshold, showing that manufacturing market demand kept expanding, while the amount of increase has narrowed.
 
Main raw materials inventory index was 48.8 percent, decreased 0.8 percentage points from last month, and was lower than the threshold, indicating that manufacturing industry’s main raw material inventory continued to decline.
 
Employed person index was 49.0 percent, decreased 0.1 percentage point from last month, lower than the threshold, indicating that manufacturing enterprises’ labor employment decreased.
 
Supplier delivery time index was 50.2 percent, increased 0.1 percentage point from last month, and was higher than the threshold, indicating that the delivery time of manufacturing raw material suppliers has speeded up.
 
China's Manufacturing PMI (Seasonally Adjusted)
Unit: %
  PMI  
Production Index New Orders Index Main Raw Materials Inventory Index Employed Person Index Supplier Delivery Time Index
             
2017-June 51.7 54.4 53.1 48.6 49.0 49.9
July 51.4 53.5 52.8 48.5 49.2 50.1
August 51.7 54.1 53.1 48.3 49.1 49.3
September 52.4 54.7 54.8 48.9 49.0 49.3
October 51.6 53.4 52.9 48.6 49.0 48.7
November 51.8 54.3 53.6 48.4 48.8 49.5
December 51.6 54.0 53.4 48.0 48.5 49.3
2018-January 51.3 53.5 52.6 48.8 48.3 49.2
February 50.3 50.7 51.0 49.3 48.1 48.4
March 51.5 53.1 53.3 49.6 49.1 50.1
April 51.4 53.1 52.9 49.5 49.0 50.2
May 51.9 54.1 53.8 49.6 49.1 50.1
June 51.5 53.6 53.2 48.8 49.0 50.2
             
 
 
Related Indicators of China's Manufacturing PMI (Seasonally Adjusted)
Unit: %
  New Export Orders Index Import Index Purchase Quantity Index Main Raw Material Purchase Price Index Producer Price Index Finished Goods Inventory Index Open Orders Index Production And Business Activities Expectation Index
                 
2017-June 52.0 51.2 52.5 50.4 49.1 46.3 47.2 58.7
July 50.9 51.1 52.7 57.9 52.7 46.1 46.3 59.1
August 50.4 51.4 52.9 65.3 57.4 45.5 46.1 59.5
September 51.3 51.1 53.8 68.4 59.4 44.2 47.4 59.4
October 50.1 50.3 53.2 63.4 55.2 46.1 45.6 57.0
November 50.8 51.0 53.5 59.8 53.8 46.1 46.6 57.9
December 51.9 51.2 53.6 62.2 54.4 45.8 46.3 58.7
2018-January 49.5 50.4 52.9 59.7 51.8 47.0 45.3 56.8
February 49.0 49.8 50.8 53.4 49.2 46.7 44.9 58.2
March 51.3 51.3 53.0 53.4 48.9 47.3 46.0 58.7
April 50.7 50.2 52.6 53.0 50.2 47.2 46.2 58.4
May 51.2 50.9 53.0 56.7 53.2 46.1 45.9 58.7
June 49.8 50.0 52.8 57.7 53.3 46.3 45.5 57.9
                 
 
 
2. Non-manufacturing purchasing managers index
 
In June 2018, China's non-manufacturing purchasing managers index was 55.0 percent, an increase of 0.1 percentage point from the previous month, and was 0.2 percentage points higher than the average of the first half of the year. Overall, the non-manufacturing industry maintained a steady and good momentum of development.
 

 
In view of different industries, non-manufacturing purchasing managers index of service industry was 54.0 percent, unchanged from the previous month, and the service industry continued to maintain rapid growth. Of which, the indices of transport via railway, air transport, telecommunications, broadcasting, television and satellite transmission services, monetary financial services, were positioned in the high level of the range which above 60.0 percent, and the total volume of business achieved rapid growth. The indices of transport via road, capital market services, resident services and repair, were lower than the threshold, and the total volume of business decreased. Non-manufacturing purchasing manager index of construction industry achieved 60.7 percent, an increase of 0.6 percentage points from the previous month. The pace of expansion of the construction industry has accelerated. 
 
New orders index was 50.6 percent, down by 0.4 percentage points from the previous month, and was still above the threshold, indicating that the growth rate of non-manufacturing industry’s market demand slowed down. In view of different industries, the new orders index of service industry was 50.3 percent, decreased 0.1 percentage point from the previous month, and continued to be higher than the threshold. The new orders index of construction industry was 52.6 percent, decreased 1.6 percentage points from the previous month, and was higher than the threshold.
 
Input price index was 53.5 percent, down by 0.7 percentage points from the previous month, and higher than the threshold, indicating that the amount of increase of input price during the process of non-manufacturing enterprises’ operating activities narrowed. In view of different industries, the intermediate input price indices of service industry was 52.1 percent, decreased 1.2 percentage points from the previous month. The input price index of construction industry was 61.7 percent, an increase of 2.3 percentage points from the previous month.
 
The sales price index was 51.1 percent, up by 0.5 percentage points from the previous month, and was higher than the threshold, indicating that the overall level of non-manufacturing sales prices continued to increase. In view of different industries, the sales price index of service industry was 50.5 percent, an increase of 0.3 percentage points from the previous month. The sales price index of construction industry was 54.4 percent, an increase of 1.6 percentage points from the previous month.
 
Employment index was 48.9 percent, a decrease of 0.3 percentage points from the previous month, and was still lower than the threshold, indicating that non-manufacturing enterprises’ labor employment declined. In view of different industries, the employment index of service industry was 48.5 percent, a decrease of 0.5 percentage points from the previous month. The employment index of construction industry was 51.2 percent, an increase of 1.2 percentage points from the previous month.
 
Business activities expectation index was 60.8 percent, a decrease of 0.2 percentage points from last month, and kept staying in the high level of the range, indicating that non-manufacturing enterprises companies were optimistic about market development expectations. In view of different industries, the business activities expectation index of service industry was 60.3 percent, unchanged from the previous month. That of construction industry was 63.6 percent, a decrease of 1.5 percentage points from the previous month.
 
Main Indices of China's Non-manufacturing PMI (Seasonally Adjusted)
Unit: %
  Non-manufacturing
PMI
New Orders Index Input Price Index Sales Price Index Employment Index Business Activities Expectation Index
             
2017-June 54.9 51.4 51.2 49.3 49.6 61.1
July 54.5 51.1 53.1 50.9 49.5 61.1
August 53.4 50.9 54.4 51.5 49.5 61.0
September 55.4 52.3 56.1 51.7 49.7 61.7
October 54.3 51.1 54.3 51.6 49.4 60.6
November 54.8 51.8 56.2 52.8 49.2 61.6
December 55.0 52.0 54.8 52.6 49.3 60.9
2018-January 55.3 51.9 53.9 52.6 49.4 61.7
February 54.4 50.5 53.2 49.9 49.6 61.2
March 54.6 50.1 49.9 49.3 49.2 61.1
April 54.8 51.1 52.7 50.6 49.0 61.5
May 54.9 51.0 54.2 50.6 49.2 61.0
June 55.0 50.6 53.5 51.1 48.9 60.8
             
 
Other Indices of China's Non-manufacturing PMI (Seasonally Adjusted)
Unit: %
  Foreign New Orders Index Unfilled Orders Index Stock Index Supplier Delivery Time Index
         
2017-June 49.8 44.6 45.9 51.8
July 52.1 43.9 45.9 51.7
August 49.0 44.0 45.5 51.1
September 49.7 44.2 47.0 51.6
October 50.7 43.9 46.4 51.1
November 50.9 44.1 46.5 51.6
December 51.5 43.8 46.3 51.3
2018-January 50.1 44.4 46.5 51.3
February 45.9 43.8 47.6 50.7
March 50.4 44.3 46.2 51.6
April 50.0 44.4 46.7 51.5
May 49.1 44.1 46.0 51.7
June 48.2 44.0 46.4 51.6
         
 
3. Composite PMI Output Index
 
In June 2018, China's Composite PMI Output Index was 54.4 percent, a decrease of 0.2 percentage point from last month, 0.3 percentage points higher than the average of the first half of the year, and continued to be higher than the threshold, indicating that the current production and operation activities of Chinese enterprises continued to expand steadily and rapidly.
 

 
Annotations:
 
1. Explanatory Notes
 
Purchasing Managers Index (PMI) is an index summarized and compiled through the results of the monthly survey of enterprises purchasing managers. It covers every links of the enterprises, including purchasing, production, logistics, and so on. It is one of the leading indices which was commonly adopted by international society to monitor the macroeconomic trends, and played an important role in forecasting and monitoring. The Composite PMI Output Index, belonging to the PMI indicator system, is a composite index reflecting the changes in the output in current period of the entire industry (manufacturing and non-manufacturing industries). The threshold of PMI is usually using 50 percent as the cut-off point for economic performance. If PMI above 50 percent, it reflects the overall economy is expanding; if less than 50 percent, it reflects the overall economy is in recession.
 
2.Statistical Coverage
 
The survey involves 31 divisions of manufacturing industry in the “Industrial Classification for National Economic Activities” (GB/T4754-2011), and 3000 samples, as well as 31 divisions of non-manufacturing industry, and 4000 samples.
 
3. Survey Methods
 
PPS (Probability Proportional to Size) sampling method was adopted in purchasing managers’ survey. Using the divisions of the manufacturing or non-manufacturing industry as the selecting strata, the sample size of each division is proportional to its proportion of the value-added of the division to the total value-added of the manufacturing or non-manufacturing industry. Within the stratum, the samples are selected according to the probabilities proportional to their principal business revenues of the enterprises.
 
The survey was organized and conducted by staff members of survey offices, monthly through Online Reporting System of NBS by sending survey questionnaires to the purchasing managers of the selected enterprises.
 
4. Calculation Methods
 
(1) Calculation Methods of Sub-indices.
 
The indicator system of manufacturing purchasing managers’ survey covers 13 sub-indices such as production, new orders, export orders, existing orders, finished goods inventory, purchase, import, purchase price, producer price, raw materials inventory, employees, suppliers, delivery time, production and business activities expectation. Non-manufacturing purchasing managers survey involves 10 questions on production, new orders (business required), export, existing orders, finished goods inventory, intermediate input price, subscription price, employees, suppliers delivery time, and business activities expectation. The indicator system of non-manufacturing purchasing managers’ survey covers 10 sub-indices such as business activities, new orders, new export orders, existing orders, finished goods inventory, intermediate input price, subscription price, employees, suppliers delivery time, and business activities expectation. Sub-indices adopt diffusion index calculation method, i.e. percentage of positive answers in number of enterprises plus half of the percentage in the same answers. Due to the lack of synthesis of non-manufacturing integrated PMI index, the international society often used business activity index to reflect the overall changes in non-manufacturing economic development.
 
(2) Calculation Methods of Manufacturing PMI.
 
Manufacturing PMI was calculated according to five diffusion indices (group indices) and their weights. 5 group indices and their weights are determined in accordance with their leading impact on the economy. Specifically, new orders index weighted 30 percent; production index weighted 25 percent; employees index weighted 20 percent; supplier delivery time index weighted 15 percent; raw materials inventory index weighted 10 percent. Of which, the supplier delivery time index is a converse index, and contrary calculation is needed when combines it into PMI.
 
(3) Calculation Methods of Composite PMI Output Index. 
 
Composite PMI Output Index was calculated by weighted summation of the manufacturing output index and non-manufacturing business activity index. Their weights are determined by the proportion manufacturing and non-manufacturing industries in GDP. This index will be released since January 2018.
 
5. Seasonal adjustment
 
The purchasing managers’ survey is a monthly survey, the data of the survey fluctuates very much for the influences of seasonal factors. The released PMI composite index and sub-indices are seasonally adjusted data.
Order Online
Contact Us
Tel: 400-988-9999
Fax:010-82889999
Phone :+8615313587056
Email:Sale@sino-report.com
Email:Cousult@sino-report.com
Online Consultation
MSN :Sino-report@hotmail.com
MSN :Sino-report@foxmail.com
Skype: Please Please
Latest Reports
  More>>
[Finance] Purchasing Managers Index for June 2018
[Finance] Stable Performance for the National Economy in April
[Finance] Industrial Profits Increased in the First Four Months of 2018
[Finance] A look at Q1 economic data
[Finance] Investment in Fixed Assets for the First Four Months of 2018
Popular reports
  More>>
Industry Data
  More>>
NSDP/SDDS for the People's Republic of China
Market Price of Important Means of Production in Circulation, July 01-10, 2018
In the first five months of 2018, the profits made by industrial enterprises above the designated siz
Purchasing Managers Index for June 2018
Market Price of Important Means of Production in Circulation, June 21-30, 2018
In global EV battery shipments during Jan - Apr 2018, LG Chem and Samsung SDI ranked 4th and 6th
Based on Jan - Apr shipment record, Kia Motors Remain on Top 10 in Global PHEV Power Brands Ranking
Consumer Prices for May 2018
Producer Prices for the Industrial Sector for May 2018
Industrial Production Operation in May 2018
Investment in Fixed Assets for the First Five Months of 2018
National Real Estate Development and Sales in the First Five months of 2018
Producer Prices for the Industrial Sector for April 2018
Stable Performance for the National Economy in April
Total Retail Sales of Consumer Goods in April 2018
Industrial Production Operation in April 2018
National Real Estate Development and Sales in the First four months of 2018
Sales Prices of Residential Buildings in 70 Medium and Large-sized Cities in April 2018
Industrial Profits Increased in the First Four Months of 2018
Purchasing Managers Index for May 2018
Market Price of Important Means of Production in Circulation, May 21-30, 2018
Global Wine Refrigerators Market is projected to exhibit a CAGR of 4.74% between 2017 and 2025
Korean Battery Dominates Global Electric Car Market
In global EV battery shipments in 2018, LG Chem and Samsung SDI ranked third and fifth
Industry News
  More>>
Experts: Mobile internet in urgent need of upgrade
Online sales of home appliances rise in H1
China's machinery industry stable in H1
Oil demand set to slow
Guitar sector innovation strikes a chord in Guizhou
Media registration website for China International Import Expo announced
Steel, aluminum tariff receipts flow to US
Aviation express sector taking off
Clean power surges recast energy mix
Beer drinkers developing a taste for premium beverages
Related Links
China Industry Secter Price Indexes in July 2011
2011 May, China CPI an PPI trend
China's manufacturing PMI Statistics,May 2011
2011 Q1 China Business Climate Index

Sitemap       |       Join Us      |       Customer Service       |       About Sino-report
Copyright © 2011-2025 Sino-report Consult Inc.
Sino-report@hotmail.com    Postmaster@sino-report.com
No.18 Zhichun Road, Haidian District. Beijing 100089.China
Information and data contained in this site is for reference only pursuant to operate your own risk
Sino-report