China PMI at lowest in 2 years

July 9, 2011 - PRLog -- 2011-7-1

Chinese manufacturing activity has fallen to its lowest level in more than two years, fuelling concerns that the world’s second-largest economy is slowing down because of aggressive action by the government to tame inflation.

China’s official purchasing managers’ index – a key measure of the manufacturing sector – dropped to 50.9 in June, down from 52 a month earlier. The figure was below market forecasts and perilously close to dipping below the 50 line that would signal a contraction in industrial activity. The index recorded its lowest level since posting 49 in February 2009 during the global financial crisis.

Output and new orders in the official manufacturing survey all slowed sharply, but so did input prices, indicating that inflationary pressure from global commodity costs was clearly on the wane. A lessening of inflation would help pave the way for a relaxation of China’s policy stance.

For any further data or information please go to CCM’s website.

About CCM
CCM is dedicated to market research in China, Asia-Pacific Rim and global market. With a staff of more than 150 dedicated highly-educated professionals. CCM offers Market Data, Analysis, Reports, Newsletters, Buyer-Trader Information, Import/Export Analysis all through its new proprietary product ValoTracer.
Please visit http://www.cnchemicals.com for more information or contact emarket25@cnchemicals.com

CCM International, Ltd.
Guangzhou CCM Information Science & Technology Co, Ltd.
17th Floor, Huihua Commercial & Trade Mansion
No, 80 Xianlie Zhong Road, Guangzhou
510070, China

# # #

CCM is an consulting company located in China, with services like market report, newsletter, database, price monitoring, export/import analysis, conference etc. CCM's foucusing is Agrochemicals market, food ingredients market, fine chemicals market.