May Manufacturing PMI Reaches 52%, Papermaking and Printing Among Sectors Above 50%

month, the China Manufacturing Purchasing Managers' Index released by the China Federation of Logistics and Purchasing

percentage points. The index continued to stay at

above, but in terms of trend, since the beginning of this year, apart from

a brief rebound in the month, it has continued to edge down, showing that economic growth is on a trend of steady moderation.

Looking at the sub-indices, all declined to varying degrees. Among them, the new orders index, the backlog of orders index, the purchase price index and the raw material inventory index declined relatively noticeably, with declines of more than

percentage points, with the purchase price index falling the most, reaching

Among the industries, the electrical machinery and equipment manufacturing industry, the petroleum processing and coking industry and others

the pharmaceutical manufacturing industry was

the chemical fiber manufacturing and rubber and plastics products industry, the transport equipment manufacturing industry and others

. By region, the eastern and western regions were higher than

. By product type, enterprises in raw materials and energy, intermediate goods and consumer goods were higher than

producer goods enterprises were lower than

month's manufacturing PMI survey, special analyst Zhang Liqun commented:

The index continued to fall, reflecting a greater possibility of slower economic growth. In particular, the relatively large drop in the purchase price index indicates that inflation expectations may change and destocking activities may increase, all of which will slow economic growth. From the demand perspective, although the growth rates of exports and consumption have declined somewhat, investment has continued to maintain relatively high growth and demand has continued to grow steadily and fairly rapidly; since this is the fundamental factor determining the trend of economic growth, the future trend of China's economic growth rate still needs to be observed further.

The new orders index declined. This month the new orders index stood at

, down from last month by

Among the industries, the petroleum processing and coking industry, the electrical machinery and equipment manufacturing industry and others

the metal products industry, the special-purpose equipment manufacturing industry and others

. By region, the eastern and central regions were higher than

. By product type, enterprises in raw materials and energy, intermediate goods and consumer goods were higher than

producer goods enterprises were lower than

The production index edged down. This month the production index stood at

, down from last month by

Among the industries, the special-purpose equipment manufacturing industry, the chemical fiber manufacturing and rubber and plastics products industry and others

, among which the petroleum processing and coking industry, the electrical machinery and equipment manufacturing industry and others

and above. By region, the eastern and western regions were higher than

. By product type, enterprises in raw materials and energy, intermediate goods and consumer goods were higher than

producer goods enterprises were lower than

The import index and the new export orders index were basically stable. This month the import index stood at

, down from last month by

Among the industries, the beverage manufacturing industry, the papermaking, printing and cultural, educational and sports goods manufacturing industry, the petroleum processing and coking industry and others

the textile industry, the non-metallic mineral products industry, the transport equipment manufacturing industry and others

This month the new export orders index stood at

, down from last month by

Among the industries, the wood processing and furniture manufacturing industry, the electrical machinery and equipment manufacturing industry and others

——This article is reprinted from China Packaging Network (pack.cn), original link: http://news.pack.cn/show-369967.html