People pay more attention to PMI index this month
Domestic PMI is each month 1 hair, it won't produce to market what suddenly attacked. But the official PMI index after the release is there will be all kinds of institutions prediction, like as CPI. It to PMI, like HSBC bank expected value is considered the most can represent the official PMI changes of the trend. Is this month by all the attention, because HSBC reported in October manufacturing purchasing managers index of the expected value, is 51.1%, for at least 3 months after the JingQiXian below 50% for the first time, top picks up lines above, and also made a 5 months since peak. In September, HSBC PMI expected for 3 consecutive months less than 50%, that was once the market anxieties, think of China's manufacturing industry upward trend could interrupt. But the expected value accident in October came back to the 50% above, natural let bad market with hope. If the data released today like everyone expected as well, so the stock market, spot and so on these capital market nature will give point face.
China's manufacturing purchasing managers index (PMI) introduction
As of the more familiar consumer price index as CPI, China's manufacturing purchasing managers index, English abbreviation as is PMI, is a very important macroeconomic situation reflects economic data. But it reflects not ordinary people to buy things spending, but manufacturing enterprise operation, such as this one contains the enterprise order situation, like hiring employees, including production, procurement, logistics, inventory and so on these in the enterprise work in some of the data are often used.
PMI in percentage terms to says, usually in the 50% as a weak economy division of Labour, also called JingQiXian, that is to say, when PMI more than 50% of the time, that the economic situation is good, in different degrees in the expansion; But when PMI less than 50%, in particular, it is very close to 40% of the time, it will be deemed to have economic depression anxiety. This is a very international index. At home, the index by the state statistics bureau and China federation of logistics and purchasing jointly compiled by cooperation.
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