August manufacturing PMI fell to 49.7%, hitting a three-year low

In August 2015, the China Manufacturing Purchasing Managers Index (PMI) was 49.7%, down 0.3 percentage points from the previous month and fell below the critical point (Sina Finance Note: The official manufacturing PMI has fallen to a three-year low, 2012 8 The monthly manufacturing PMI was 49.2).
In terms of enterprise scale, the PMI of large enterprises was 49.9%, down 0.7 percentage points from the previous month, and fell below the critical point for the first time in the year; the medium-sized enterprise PMI was 49.8%, down 0.2 percentage points from the previous month, below the critical point; small enterprises The PMI was 48.1%, which was 1.2 percentage points higher than that of the previous month. It continued to be in the contraction interval, but the contraction rate decreased. From the classification index, among the five sub-indices that constitute the manufacturing PMI, the production index and the supplier delivery time index continue to be above the critical point, and the new order index, the employee index and the raw material inventory index are still below the critical point.
The production index was 51.7%, down 0.7 percentage points from the previous month, above the critical point, indicating that manufacturing production continued to expand, but the growth rate slowed down.
The new order index was 49.7%, down 0.2 percentage points from the previous month. It was below the critical point for two consecutive months, indicating that demand in the manufacturing market continued to weaken.
The employee index was 47.9%, a slight decrease of 0.1 percentage points from the previous month, below the critical point, indicating that the manufacturing industry employed less.
The raw material inventory index was 48.3%, down 0.1 percentage point from the previous month and continued to be below the critical point, indicating that the inventory of raw materials for manufacturing production continued to decrease.
The supplier's delivery time index was 50.6%, up 0.2 percentage points from the previous month, above the critical point, indicating that the lead time of manufacturing raw material suppliers has accelerated.

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