In January, China’s manufacturing PMI was 55.8%, which was lower than the previous month.

In January 2010, the China Federation of Logistics and Purchasing released the China Manufacturing Purchasing Managers Index at 55.8%.
In January 2010, the China Federation of Logistics and Purchasing (CFLP) China Manufacturing Purchasing Managers Index (PMI) was 55.8%, down 0.8 percentage points from the previous month. The establishment of the CFLP China Manufacturing PMI Index has received strong support from the Hong Kong Li & Fung Group.
The manufacturing PMI is a composite index that is weighted by five major diffusion indices in accordance with internationally accepted practices. Usually the PMI index is above 50%, reflecting the overall expansion of the economy; below 50%, reflecting the economic recession.
Judging from the 11 sub-indices, compared with the previous month, it was "five-six-six-litre." Production index, new order index, backlog order index, purchase volume index, and employee index decreased, among which the backlog index decreased significantly, with a drop of 2.5 percentage points; new export order index, finished goods inventory index, import index, purchase price The index, raw material inventory index, and supplier delivery time index increased, with the purchase price index rising by a large margin, reaching 1.8 percentage points. From the index level, the production index, new order index, purchase volume index and purchase price index are relatively high, maintaining around 60%, especially with the purchase price index as the highest, approaching 70%.
Among the 20 industries in this month, only the chemical fiber manufacturing and rubber and plastic products industry, the non-ferrous metal smelting and rolling processing industry, and the non-metallic mineral products industry were slightly less than 50%, and the remaining 17 industries were all higher than 50%. The product industry, beverage manufacturing industry and metal products industry have reached more than 60%. In terms of product types, raw materials and energy, intermediate goods, consumer goods and manufactured goods are all above 50%, especially for consumer goods companies, which is close to 60%.
In response to the survey of manufacturing purchasing managers in January, special analyst Zhang Liqun said: "The PMI index continued to maintain a high level in January, with a slight decline, indicating that industrial production continues to rise and may stabilize; the new export orders index continues to increase. The situation of the pre-shown port may continue to improve; the continuous increase in the purchase price index means that the production cost of the enterprise will continue to increase. Combined with the current economic operation, China's economic recovery is expected to stabilize, and the positive effect of exports on economic growth will be enhanced. Increased and intensified market competition may make enterprises face a more severe development environment. Overall, China's economy is in a critical period from recovery to stability."
The new order index fell back. The new order index for the month was clearly 59.9%, down 1.1 percentage points from the previous month. In terms of industries, among the 20 industries, only non-ferrous metal smelting and rolling processing industry, non-metallic mineral products industry is less than 50%, and other industries are above 50%, of which 9 industries reach more than 60%, and 3 More than 70% of the industry. From the perspective of product types, the consumer goods category is the highest, reaching more than 60%; raw materials are not much different from energy, intermediate goods and manufactured goods, ranging from 54% to 57%.
The production index fell slightly. The production index for this month was 60.5%, down 0.9 percentage points from the previous month. Among the 20 industries, only non-ferrous metal smelting and rolling processing industry is less than 50%, and the rest of the industries are higher than 50%. Among them, 12 industries led by tobacco products industry and beverage manufacturing industry have reached more than 60%. More than 70%. In terms of product types, the number of consumer goods companies is the highest, reaching more than 60%; raw materials and energy companies are lower, less than 53%.
The import and export index both rose. The import index for this month was 53.4%, up 0.9 percentage points from the previous month. Among the 20 industries, 13 industries led by metal products, petroleum processing and coking, electrical machinery and equipment manufacturing were higher than 50%, and more than 60% of the three industries were the first. In terms of product types, the production of finished goods companies is less than 50%; raw materials and energy, intermediate goods and consumer goods companies are all above 50%.
The new export order index for this month was 53.2%, up 0.6 percentage points from the previous month. Among the 20 industries, 14 industries such as wood processing and furniture manufacturing, electrical machinery and equipment manufacturing, clothing and footwear manufacturing and fur down products are more than 50%, of which 5 industries are over 60%. In terms of product types, raw materials and energy companies are less than 50%, and intermediate goods, consumer goods and manufactured goods are higher than 50%, especially for consumer goods companies, which is close to 58%.
The employee index fell. This month's employee index was 50.6%, down 1.6 percentage points from the previous month. Among the 20 industries, 13 industries including metal products, agricultural and sideline food processing and food manufacturing, beverage manufacturing, electrical machinery and equipment manufacturing are higher than 50%; general equipment manufacturing, clothing and footwear manufacturing and fur down products Seven industries including industry, chemical raw materials and chemical products manufacturing are less than 50%.
The purchase price index continues to climb. The purchase price index for this month was 68.5%, up 1.8 percentage points from the previous month. In terms of industries, all 20 industries are above 50%, of which 15 are higher than 60%, and 6 are as high as 80%. In terms of regions, the eastern, central and western regions are all at a high level, both at around 70%. In terms of product types, raw materials and energy and intermediate goods companies are the highest, more than 70%; domestic consumer goods and production finished goods types are slightly lower, but also more than 60%.
 

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