At the beginning of the new year, due to the influence of the Spring Festival and other factors, the growth rate of the manufacturing industry has slowed down. In January this year, the China Manufacturing Purchasing Managers Index (PMI) was 50.5%, down 0.5 percentage points from the previous month. HSBC announced the January HSBC China manufacturing. The industry PMI fell back to 49.5 from 50.5 last month, and fell below the 50-year-old line for the first time in six months, indicating that the economic start trend is flat this year.
Experts believe that the PMI continued to fall in January, indicating that the economic growth will stabilize slightly in the future, but the index is still at the 50% level, indicating that the basic trend of steady economic growth will not change, and is mainly affected by the approaching factors of the Spring Festival. Domestic orders and recruitment are expected. After the holiday, there will be a rebound. From the perspective of sub-indicators, corporate differentiation and structural adjustment activities may increase, and the growth rate of overcapacity industries represented by steel has dropped significantly, reflecting the contradiction of overcapacity and accelerating structural adjustment, but closely related to household consumption. In manufacturing and other industries, production is growing rapidly driven by the holiday effect.
The recent global stock market performance was weak, and the Sino-US PMI performance was poor in January this year. The UK PMI was also lower than last month. On February 3, the London Stock Market “Financial Times†100 stock average price index was relatively large. The decline in personal consumption, mobile communications and banking sectors, but the power, household goods and medical equipment and services sectors have risen to varying degrees.
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