PMI 2015

I. Manufacturing Purchasing Managers’ Index

In December 2015, China's manufacturing purchasing managers’ index (PMI) was 49.7 percent, an increase of 0.1 percentage points over last month.

Among the five sub-indices composing PMI, the production index, the new orders index and the supplier delivery time index were higher than the threshold. The employed person index and the main raw materials inventory index were lower than the threshold.

The production index was 52.2 percent, an increase of 0.3 percentage points month-on-month, and was higher than the threshold, indicating that the growth of manufacturing production increased.

The new orders index was 50.2 percent, an increase of 0.4 percentage points month-on-month, and went back above the threshold, showing that the market demand of the manufacturing sector rose again.

The employed person index was 47.4 percent, a decrease of 0.2 percentage points month-on-month, and was still below the threshold, indicating that the labor employment of manufacturing enterprises fell.

The main raw materials inventory index was 47.6 percent, an increase of 0.5 percentage points over last month, but was still below the threshold, indicating that the pace of decline in the inventory of manufacturing main raw materials narrowed.

The supplier delivery time index was 50.7 percent, and was higher than the threshold, indicating that the delivery time of manufacturing raw material suppliers was accelerated.