China's manufacturing purchasing managers index was 49.7% in December 2015

In December 2015, the China Manufacturing Purchasing Managers Index (PMI) was 49.7%, which was higher than the 0.1% in the previous month.

In terms of scale of the company, the PMI of large-sized companies is 50.9%, which is 0.3 percentage points lower than last month but continues to expand; the medium-sized companies' PMI is 49.6%, which is 1.3 percentage points higher than last month and still is below the critical point; The PMI was 44.9%, which was a slight increase of 0.1% from the previous month and continued to be in the contraction range.

From the classification index, among the five sub-indexes that make up 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 52.2%, up 0.3 percentage points from the previous month, which was higher than the critical point, indicating that the growth rate of manufacturing production has accelerated.

The new orders index was 50.2%, up 0.4 percentage points from the previous month. It returned above the critical point, indicating that the demand in the manufacturing market picked up.

The employee index is 47.4%, which is 0.2 percentage point lower than last month. It continues to be below the critical point, indicating that the manufacturing enterprises have reduced their workload.

The raw materials inventory index was 47.6%, which was a 0.5 percentage point increase from the previous month. It is still below the critical point, indicating that the decline in the inventory of major raw materials for manufacturing has narrowed.

The supplier delivery time index is 50.7%, which is higher than the critical point, indicating that the delivery time of manufacturing material suppliers has been accelerated.

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