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In terms of scale of the company, the PMI of large-sized companies is 51.8%, which is 0.6% higher than last month and continues to be higher than the critical point; the PMI of medium-sized enterprises is 48.9%, which is the same as last month and still lower than the critical point; the PMI of small-sized enterprises is 47.4% , a 0.5 percentage point increase from the previous month but still in the contraction range.
From the classification index, among the five sub-indices that constitute the manufacturing PMI, the production index, new order index, and supplier delivery time index are above the critical point, and the employee index and raw material inventory index are below the critical point.
The production index was 52.6%, which was a 0.5 percentage point increase from the previous month. It continued to exceed the critical point, indicating that manufacturing production has grown steadily and growth has accelerated.
The new orders index was 51.3%, up 0.9 percentage points from the previous month and above the critical point, indicating that the demand in the manufacturing market picked up.
The employee index is 48.4%, which is 0.2 percentage point higher than last month. It is still below the critical point, indicating that the employment of manufacturing companies has decreased, but the decline has narrowed.
The raw material inventory index was 47.6%, which was 0.3 percentage point higher than last month. It continued to be below the critical point, indicating that the decline in the inventory of major raw materials in the manufacturing industry narrowed slightly.
The supplier delivery time index was 50.6%, which was a slight increase of 0.1 percentage points from the previous month, which was higher than the critical point, indicating that the delivery time of manufacturing material suppliers continued to accelerate.
August 2016 China Manufacturing Purchasing Manager Index was 50.4%
In August 2016, the China Manufacturing Purchasing Managers Index (PMI) was 50.4%, up 0.5% from the previous month and returning above the critical point.