国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

China's manufacturing PMI up in May

Xinhua | Updated: 2018-05-31 10:06
Share
Share - WeChat
CRRC employees operate an assembly line of the company in Qingdao, Shandong province. [Photo by Zhang Jingang/For China Daily]

BEIJING - China's manufacturing sector grew at the fastest pace in eight months in May.

The purchasing managers' index (PMI) for China's manufacturing sector came in at 51.9 in May, up from 51.4 in April, the National Bureau of Statistics (NBS) said Thursday.

A reading above 50 indicates expansion, while a reading below reflects contraction.

The May figure was also higher than the 51.2 for the same period last year, and the highest since October last year, according to the NBS website.

"The manufacturing sector expanded at a faster pace, with growth momentum further strengthened," said NBS senior statistician Zhao Qinghe.

China's official manufacturing PMI in May was well above forecasts, given Japanese securities brokerage Nomura said it had expected official PMI to come in at 51.5 in May, above the consensus of 51.4.

Nomura said the rebound in May was mainly driven by the "factory output" sub-index, especially by ferrous metal processing.

Both production and demand saw steady expansion as the sub-index for production and the new order sub-index rose to 54.1 and 53.8, respectively.

"Today's data confirm our view that suppressed production over the winter and restocking in Q2 could support a rebound in the PMI and industrial production," said Nomura in its report Thursday.

Among sub-indices by enterprise size, big enterprises led the rise, said the Nomura report.

Sub-indices for the raw materials inventories and employment softened slightly to 49.6 and 49.1 respectively.

The NBS data also showed that the non-manufacturing PMI edged up from 54.8 in April to 54.9 this month, and the composite PMI output index rose from 54.1 in April to 54.6 this month.

The non-manufacturing business activity index for services rose to 54 this month, the second highest reading this year.

Consumption and related sectors including air transportation, express delivery, telecom and internet software continued strong expansion in May.

The World Bank remains optimistic about China's economy, leaving its estimate for the country's GDP growth unchanged at 6.5 percent for 2018.

"Economic activity in China remains resilient, with GDP growing by 6.9 percent in 2017 and 6.8 percent year on year in the first quarter of 2018. Consumption continues to drive growth. Growth is projected to moderate to 6.5 percent in 2018 and 6.3 percent in 2019-20," according to the World Bank's new China Economic Update released Thursday.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
和硕县| 仙居县| 阆中市| 富源县| 濮阳县| 宿松县| 报价| 亚东县| 竹溪县| 广灵县| 渭南市| 垦利县| 刚察县| 潮安县| 方山县| 惠来县| 城市| 钦州市| 固安县| 珠海市| 积石山| 肥东县| 扶绥县| 甘谷县| 呼和浩特市| 右玉县| 莱西市| 亚东县| 辽宁省| 天全县| 台中县| 和龙市| 镇雄县| 长阳| 苏尼特左旗| 鹿邑县| 遵义市| 台中县| 微博| 桐庐县| 顺昌县|