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August Chinese manufacturing PMI fell to a 3 year low of 49.7%
Published on: Aug 31, 2015   Hits: 1526   Author: Kaesar   Source: http://www.kikehndez.com

In August 2015, China's Manufacturing Purchasing Managers Index (PMI) was 49.7%, down 0.3 percentage points from the previous month, below the critical point (the official manufacturing PMI has dropped to a 3 year low, the manufacturing sector in August 2012 was 49.2 PMI).
Of enterprise scale, large enterprises PMI was 49.9%, down 0.7 percentage points, the first time this year to fall below the critical point; medium PMI was 49.8%, down 0.2 percentage points below the critical point, small and medium enterprises; PMI was 48.1%, up 1.2 percentage points from the previous month, continued to shrink at the interval however, the contraction amplitude decreased.
From the classification index, in the 5 classification index constitute the manufacturing PMI, production index and supplier delivery time index continues to be higher than the critical point, the new orders index, employment index and raw materials inventory index is still below the critical point.
Production index was 51.7%, down 0.7 percentage points from the previous month, higher than the critical point, indicates that the manufacturing sector continued to maintain the expansion trend, but the growth rate slowed.
The new orders index was 49.7%, down 0.2 percentage points, two consecutive months at the critical point is that manufacturing market demand continues to weaken.
Practitioners index was 47.9%, slightly down 0.1 percentage points lower than the previous month, below the critical point, indicates that the manufacturing enterprises to reduce labor.
Raw materials inventory index was 48.3%, down 0.1 percentage points, continue to be located below the critical point, indicating that manufacturing production continued to reduce the use of raw materials inventory.

Supplier delivery time index was 50.6%, up 0.2 percentage points from the previous month, higher than the critical point, which indicates that the manufacturing industry raw material supplier delivery time has accelerated.

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