New PMI (manufacturing purchasing managers index) of which show that in August, new export orders index for 52.2%, rising 1.0 percentage points last month. This is the index since the May 3 consecutive months decline since the first bounce.
New export orders for the month of April, with 3 month fair 5-continuous decline since July. For the month of August, the index of a slight upswing seems to strengthen the export recovery trend. China Federation of logistics and purchasing Vice Chairman Tsai Chin that since a few months before the downturn, August 1% rebound is a very large adjustments to indicate future export growth will continue to grow in strength.
Specifically, 20 industry, metal industry, special equipment manufacture industry, tobacco industry, wood processing and furniture manufacturing industries is more than 50%. Chemical manufacturing and rubber and plastic products industry, ferrous metallurgy and pressing, non-ferrous metal smelting and pressing industry below 50%.
For August, new export orders index of rebound, many experts believe just seasonal slowdown in foreign demand, not yet reflect the risk. In particular, the recently announced Australia, Germany, Japan and other countries, with varying degrees of Manufacturing PMI, peripheral market downturn, likely in the next few months gradually.
National development and foreign economic Institute Zhangyansheng said, considering the weak market demand growth in Europe and a significant increase in raw material costs for enterprises and other factors, on the next few months export situation cannot blind optimism.
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