May 5, 2009
CLSA PMI Rose Above 50 in April
The CLSA China Purchasing Managers Index, a gauge of nationwide manufacturing activity, rose to 50.1 in April from 44.8 in March, CLSA Asia-Pacific Markets said Monday.
It was the first time the CLSA PMI rose above 50.0 since dropping to 49.2 in August last year. A PMI reading above 50.0 indicates the manufacturing economy is generally expanding, while a reading below 50 indicates decline. The CLSA PMI index is widely seen as a more realistic PMI index as compared with the Chinese Government's version which is often believed to be more optimistic.
This is likely to be a consequence of the Chinese governement's stimulus package and an increase in global orders both domestic and international resulting from inventory levels running low.
CLSA China April Purchasing Managers Index Table Of Data
| Component Subindexes |
Apr |
Mar |
| Output |
51.3 |
44.3 |
| New orders |
50.9 |
43.6 |
| Export orders |
48.8 |
41.4 |
| Backlog of work |
51.7 |
49.4 |
| Finished goods stock |
49.1 |
47.2 |
| Employment |
50.9 |
47.1 |
| Output prices |
43.4 |
41.3 |
| Input prices |
43.1 |
36.2 |
| Suppliers' delivery times |
52.0 |
53.8 |
| Quantity of purchases |
50.3 |
43.2 |
| Stocks of purchases |
45.7 |
43.2 |
|
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