Manufacturing Companies In China Continue Growth Spurt

Oct. 11, 2006
September marks the 21st month in a row with a PMI over 50%.

New purchase orders, high manufacturing output, better raw materials inventory and export contracts drove the China Manufacturing Purchasing Manager's Index (PMI) up 3.9% in September as compared to August.

The PMI, which tracks economic activity in China's manufacturing sector each month, stood at 57% in September, according to the latest report from the China Federation of Logistics & Purchasing (CFLP), as reported on a People's Daily Online Oct. 11.

It was the 21st month in a row with a PMI over 50%.

The purchasing price of raw materials, the only index to go down in the report, indicates less pressure for price hikes in the coming months.

Every month questionnaires are sent to over 700 manufacturing companies across China.

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