China's PMI continued to rebound in two months, manufacturing growth

The reporter learned from the National Bureau of Statistics yesterday that China's manufacturing purchasing managers' index (PMI) stabilized on the line in April this year, and rebounded for the second consecutive month, indicating that China's manufacturing industry continued to maintain a steady growth momentum.

According to the National Bureau of Statistics and the China Federation of Logistics and Purchasing, the manufacturing PMI of China's manufacturing industry in April 2014 was 50.4%, which continued to rise above 50%. It rose 0.1 percentage points from the previous month and rebounded for two consecutive months.

From the data point of view, market demand has picked up, pushing PMI to continue to rebound slightly. The new order index was 51.2%, up 0.6 percentage points from the previous month. Driven by the rebound in new manufacturing orders, the procurement of raw materials for production continued to grow. The purchase volume index was 50.6%, the highest point in three months. Although the main raw material purchase price index is still below the critical point, Compared with last month, it rose sharply by 3.9 percentage points, and the decline in manufacturing raw material purchase prices narrowed.

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