The hottest manufacturing industry picked up sligh

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The manufacturing industry recovered slightly, and the PMI rebound in March was weaker than expected

the manufacturing industry recovered slightly, and the PMI rebound in March was weaker than expected

2013 - aluminum alloys often need to undergo corresponding surface treatment before use to meet their adaptability and safety to the environment. China Construction machinery information

Guide: Beijing in March is still a little cold compared with the south, but Xiaoli from Nanjing feels the warmth of spring here. At the 10th China International Textile yarn (spring and summer) exhibition held at the Beijing Agricultural Exhibition Hall, Xiao Li's Yueda textile received a large number of orders, which surprised Xiao Li

compared with the south, Beijing in March is still a little cold, but Xiao Li, a native of Nanjing, feels the warmth of "spring" here. At the 10th China International Textile yarn (spring and summer) exhibition held at the Beijing Agricultural Exhibition Hall, Xiao Li's Yueda textile received a large number of orders, which surprised Xiao Li. "The recovery of the textile industry is obvious. Although it is still at the bottom of the industry, it can be seen that the situation will improve." Said Xiao Li

it is not only the textile industry that is recovering. In March, the purchasing managers' index (PMI) of China's manufacturing industry continued to rise to 50.9%, hitting an 11 month high. However, its 0.8 percentage point rebound failed to meet the industry's expectations, and the increase in product inventory index reflects that downstream demand needs to be strengthened, indicating that the current economic recovery is still fragile

the manufacturing industry recovered

on the eve of the conference, Xiao Li's company had certain psychological expectations for possible hot scenes

"since this year, the orders of textile enterprises have gradually increased, and the export situation has shown signs of improvement. The purpose of national macro-control is to maintain market stability, promote the healthy development of the textile industry, and illustrate the improvement of the terminal demand of China's textile enterprises." Li Yan, deputy director of the economic and Trade Department of the national development and Reform Commission, said in public

according to the China Textile Import and Export Chamber of Commerce, in the first two months of this year, the growth rate of textile and clothing exports in Jiangsu, Fujian and other places was significantly better than last year, of which the export of such products in Quanzhou, Fujian increased by more than 70% year-on-year in the first two months

on April 3, Great Wall Securities released a research report that the textile industry gradually recovered, and the steady-state situation of bottom enterprises was clear, raising the investment rating to "recommended"

the recovery of textile has also brought hot sales of CNC looms. In Dongguan, due to the surge in orders, some Loom factory owners had to push back some orders and expand their factories and equipment at the same time

such a busy scene is shown on the macro data, which is a rising red

in March, China's official PMI rose 0.8 percentage points to 50.9%. This was the sixth consecutive month that the PMI was above the critical point and hit a new high since May last year. At the same time, the final value of HSBC PMI, which favors small and medium-sized enterprises, also hit a six-month high of 51.6%

the recovery of orders has laid the confidence of the whole manufacturing industry to recover

from the data, the PMI new order index reached 52.3%, up 2.2 percentage points from the previous month, and the production index also rebounded to more than 52%. The equipment manufacturing industry, which is closely related to production and infrastructure investment, has an outstanding rebound momentum, reaching a high level of 55%. Meanwhile, medium-sized villagers said that enterprises showed improvement, and the PMI index rose to more than 50% for the first time in 8 months; Small enterprises also showed signs of improvement. Although the PMI index did not rise to more than 50%, it hit a high in the past year

"in March, the new orders, production and employment sub items are picking up, and the absolute value is higher than the overall index, indicating that the economy has a moderate recovery trend." Lu Zhengwei, an economist at Industrial Bank (17.15,0.30,1.78%), told Huaxia times

the recovery is still fragile

however, problems are gradually emerging under the warm data

with the recovery of production and orders, the inventory index of finished products rebounded, and returned to more than 50% after 8 months, reflecting that although there are signs of recovery in current supply and demand, the demand recovery still needs to be strengthened. The raw material inventory index was 47.5%, down 2 percentage points from the previous month, and was below the critical point for two consecutive months, indicating that the raw material inventory of the manufacturing industry was significantly reduced, indicating that the production and operation of enterprises at the micro level was still in the contraction stage of "de Stocking"

Shenyin Wanguo research report shows that the raw material inventory index has been lower than 50% for two consecutive months, the inventory of raw materials for industrial production has remained at a low level, and enterprises are lazy to replenish inventory. The inventory of finished products barely exceeded the 50% boom and bust line, and the market has doubts about the sustainability of the recovery of domestic demand

"the raw material inventory index is at the historical low point in the same period in recent years, and at the same time, it is still in a downward trend month on month, which shows that the risk aversion mentality of enterprises at the micro level is still very obvious." Said Yang Weixuan, a senior analyst at lianxun securities

"PMI rebounded slightly, hitting a new high in nearly 11 months. The purchase price index fell sharply, and the upward trend of upstream product prices slowed down. The production index and new order index rose, indicating a steady rebound in domestic demand. However, the performance of the inventory index reflects that the market is still skeptical about the sustainability of the recovery of domestic demand. The gradual improvement of foreign demand is expected to become an important support to promote the weak recovery of domestic economy." Shenyin Wanguo research report shows

analysts believe that China's official manufacturing PMI rebounded slightly, but it is still significantly weaker than the same period in previous years

"previously, the market expected a relatively high number of this data, which should be 51.2%. However, this 1200 × five hundred × 2800mm (customized according to user requirements) is not achieved, which is not very ideal. Therefore, we should still adhere to the previous judgment that the economy is weak recovery. " Liu Jin, general manager of financial products business department of Orient Huijin futures, said

The month of

is usually the peak season of manufacturing industry, but the phenomenon that the peak season is not prosperous may also indicate that the overall economic situation this year will be more pessimistic. Data show that from 2006 to 2010, the month on month increase of PMI in March compared with that in February was more than 3 percentage points; In 2011 and 2012, the month on month growth in March was 1.2 percentage points and 2.1 percentage points respectively

"China's economic recovery is continuing, mainly due to the gradual improvement of domestic demand. The slight drop in input prices shows that the current demand recovery is still very mild, and the inflationary pressure has eased. Taking the above factors into consideration, it is suggested that the decision-making level should maintain a relatively loose policy tone." Quhongbin, chief economist of HSBC Greater China, said

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