China manufacturing grows in 2011, next year looks stable

04 January 2012 07:26  [Source: ICIS news]

SHANGHAI (ICIS)--China’s manufacturing sector showed a stable growth in the year 2011 and the next year prospects appear positive as well, industry sources said on Wednesday.

The purchasing managers’ index (PMI), which is a measurement of the monthly performance of China’s factories, averaged at 51.4% in the year 2011, according to data from China Federation of Logistics and Purchasing (CFLP).

December PMI increased by 1.3 percentage points from November to 50.3%, according to the data.

Under the December PMI, new orders index climbed by 2.0 percentage points from November to 49.8% while production index was up by 2.5 percentage points from November to 53.4%, the data showed.

Both export and import rebounded in December. Export order index increased by 3.0 percentage points from November to 48.6% while import index was at 49.1%, with a month-on-month increase of 1.8 percentage points.

Going into 2012 an analyst expects the manufacturing growth will remain stable to positive.

"The economic growth will show a stable-to-firmer stance in 2012 based on healthy monetary policies," CFLP analyst Zhang Liqun said.

Economic growth will see a low beginning  but will be more stable in the second and third quarter, and "we expect" that it will be on the way to a rebound in the fourth quarter of 2012, the analyst added.

The PMI, which is a measurement of the monthly performance of China’s factories, is based on a survey of 820 manufacturers across 20 industries. A figure above 50% indicates an expansion, while a figure below 50% means a contraction.

Please visit the complete ICIS plants and projects database


By: Dolly Wu
+65 6780 4359



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly