China - CFLP Manufacturing PMI

by Eduardo Petazze
Last Updated: February 1, 2015
The Purchasing Managers Index (CFLP-PMI) of Manufacturing was 49.4 in January 2016, down 0.3 points frrom the previous month.
The industrial producer price index and raw material purchase price index continued to decline, indicating that the pressure to the slowdown in the
Chinese manufacturing industry is still very large. Indeed, the indicator of expectations of purchasing managers has fallen to its lowest historical level in
January 2016: 44.4 percentage points, compared to a historical average of 55.2
Month, the China Federation of Logistics and Purchasing (CFLP) and the National Bureau of Statistics released the China's Manufacturing Purchasing
Managers Index: CFLP - China's PMI Was 49.4 Percent in January
The following table summarizes the main survey data.
Annual Average
2013 2014 2015
50.9 50.7 50.0
51.7 51.6 50.2
52.8 53.0 52.2
48.9 48.3 47.9
50.4 50.1 50.5
48.1 48.1 47.9
50.8 47.5 44.9
49.4 49.6 47.9
49.3 48.3 47.5
51.7 51.1 49.7
47.6 47.5 47.4
44.9 45.3 44.0
57.6 55.9 53.1
Latest dada

LT
avg
52.2
54.0
55.0
49.8
50.5
48.1
55.0
51.4
49.8
53.7
47.4
47.3
55.2

CFLP Manufacturing PMI

PMI
New orders
Production
Employment
Supplier deliveries
Raw material inventory
Raw material purchase price
New export orders
Imports
Purchasing volume
Finished goods inventory
Bucklog of orders
Expectations

Feb15 Mar15 Apr15

49.9
50.1
50.1
50.4
50.2
50.2
51.4
52.1
52.6
47.8
48.4
48.0
49.9
50.1
50.4
48.2
48.0
48.2
43.9
45.0
47.8
48.5
48.3
48.1
47.5
48.1
47.8
49.4
49.7
50.1
47.0
48.6
48.0
43.8
44.1
43.8
54.0
61.3
59.5

Manufacturing Purchasing Managers' Index

May15 Jun15 Jul15 Aug15 Sep15 Oct15 Nov15 Dec15 Jan16 Chg.
50.2
50.2 50.0
49.7
49.8
49.8
49.6
49.7 49.4 -0.3
50.6
50.1 49.9
49.7
50.2
50.3
49.8
50.2 49.5 -0.7
52.9
52.9 52.4
51.7
52.3
52.2
51.9
52.2 51.4 -0.8
48.2
48.1 48.0
47.9
47.9
47.8
47.6
47.4 47.8 0.4
50.9
50.3 50.4
50.6
50.8
50.6
50.6
50.7 50.5 -0.2
48.2
48.7 48.4
48.3
47.5
47.2
47.1
47.6 46.8 -0.8
49.4
47.3 44.7
44.9
45.8
44.4
41.1
42.4 45.1 2.7
48.9
48.2 47.9
47.7
47.9
47.4
46.4
47.5 46.9 -0.6
47.6
48.0 47.8
47.2
48.1
47.5
46.7
47.6 46.4 -1.2
51.0
50.9 50.3
49.4
48.6
48.8
48.3
50.3 49.0 -1.3
47.5
47.7 47.4
47.2
46.8
47.2
46.7
46.1 44.6 -1.5
44.7
44.6 44.0
44.6
43.8
44.4
43.0
43.6 43.4 -0.2
56.8
52.2 52.9
54.1
53.9
52.5
48.3
44.6 44.4 -0.2

Notes:

The threshold of PMI is usually using 50 percent as the cut-off point for economic performance.
If PMI above 50 percent, it reflects the manufacturing economy is expanding;
if less than 50 percent, it reflects the manufacturing economy is in recession.

Also see:
Caixin - China General Manufacturing PMI was 48.4 in January pdf, 2 pages
CFLP - China's Non-manufacturing PMI was 53.5 Percent in January
China Industrial Value Added
Industrial Profits Decreased in 2015