"Double Festival" To Promote Clothing Shoes And Hats Orders Increase Substantially

In February 1st, the National Bureau of statistics and the China Federation of logistics and purchasing released data showing that China's Manufacturing Purchasing Managers Index (PMI) was 50.5%, a slight increase of 0.2 percentage points from last month.

It shows that the growth of manufacturing industry has picked up slightly after excluding seasonal factors.

In January, the 5 classification indices of manufacturing PMI rose by 3, or 2.

The production index was 53.6%, a slight increase of 0.2 percentage points from last month, and 36 months above the critical point, indicating the manufacturing industry.

The new order index was 50.4%, up 0.6 percentage points from last month. After returning to below 50% for 2 consecutive months, the index returned to the critical point this month, but still below the 4.8 percentage point average of the same period in history.

It is shown in the "new year" and "Spring Festival" double sections.

The stock index of major raw materials was 49.7%, 1.4 percentage points higher than last month, and 9 months below the critical point.

This indicates that the main raw material inventory of the manufacturing industry continues to decrease.

Judging from the industry situation, wood processing, bamboo, rattan, brown and grass products and furniture manufacturing, paper making and printing, beverage manufacturing and other industries, the main raw material inventory index is above 60%, the main raw material inventory of enterprises continues to grow, and textile, pharmaceutical manufacturing, communication equipment, computer and other electronic equipment manufacturing, metal products industry and other industries have significantly reduced the stock of raw materials.

The employment index was 47.1%, down 1.6 percentage points from last month, and was below the critical point for 4 consecutive months, less than 1.3 percentage points of the same period in history.

This shows that the demand for labor in manufacturing enterprises has continued to decline due to the slowdown in manufacturing economic growth and the influence of traditional festivals such as "Spring Festival" and "returning home tide".

From the perspective of the industry, in the 20 industry categories, only 7 beverage enterprises, such as beverage manufacturing, petroleum processing and coking, non-ferrous metal smelting and rolling processing, ferrous metal smelting and calender processing industry, increased slightly or remained unchanged.

The supplier delivery time index was 49.7%, 0.4 percentage points lower than last month, below the critical point, and the delivery time of manufacturing raw material suppliers slightly slowed down compared with the previous month.

In addition, the main raw material purchase price index was 50%, up 2.9 percentage points from last month, ranking the critical point.

Generally speaking, the purchase price of major raw materials has not changed much compared with that of last month, but it is still at a higher level in history, and the cost pressure of enterprises still exists.

From the perspective of the industry, the prices of major raw materials, such as textile industry, petroleum processing and coking industry, chemical raw materials and chemical products manufacturing, chemical fiber and rubber and plastic products industry, are rising. The price index of major raw materials purchased in general equipment manufacturing and metal products industry is below the critical point continuously, and the purchasing cost continues to decrease.