Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China Caixin manufacturing PMI inches up 0.1pct in Oct.

November 02, 2018


Abstract : The Caixin China manufacturing purchasing managers' index (PMI) for October came to 50.1, up 0.1 percentage point from September, indicating China's manufacturing sector slightly expanded.

BEIJING, Nov. 2 (Xinhua) -- The Caixin China manufacturing purchasing managers' index (PMI) for October came to 50.1, up 0.1 percentage point from September, indicating China's manufacturing sector slightly expanded.

The indexes for new orders, inventory purchasing and input price kept growing in the area of expansion, while indexes for new export orders, employment and finished product inventory recovered in the area of contraction.

Employment number continued to stay in the contraction area, but with the smallest margin in five months. Input cost remained on the upward trend, mainly due to the rise in prices of raw materials led by steels. As a result, manufactures lifted the ex-factory prices for 17 consecutive months, but the increase was not enough to offset the growth of input cost, further squeezing their profit space.

In addition, the manufacturing sector's confidence for next 12 months dropped to the lowest level in 11 months, but respondents generally believe the output will grow in the future.

(Edited by Yang Qi, kateqiyang@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: manufacturing China Caixin-PMI

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial