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3月份財新制造業PMI強於預期

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Hot on the heels of the official numbers, a private PMI survey series also reports that March was a better month for Chinese manufacturers.

ing-bottom: 75%;">3月份財新制造業PMI強於預期

緊隨官方數據發佈的一項民間採購經理指數(PMI)調查結果也顯示,3月份中國製造業狀況有所改善。

The Caixin/Markit manufacturing purchasing managers index came in at 49.7 in March, ahead of the 48.3 economists were expecting. It had been 48 in February.

3月份,財新/Markit製造業PMI爲49.7,比經濟學家預期的48.3要高,2月份的讀數則爲48。

It was last above 50 – the point which separates expansion from contraction – in February last year.

該指數上次在50這一榮枯線以上還是在去年2月份。

“Despite remaining below the crucial no-change 50.0 value, it was the highest index reading in 13 months and signalled only a fractional deterioration in the health of the sector,” Caixin said in its accompanying statement.

財新在同時發佈的一份聲明中表示:“雖然仍低於50.0臨界值,但已是13個月來最高紀錄,顯示製造業運行只是輕微放緩。”

Less than an hour ago the official survey was released, reporting a reading of 50.2 – the first above 50 in eight months.

3月份中國官方製造業PMI爲50.2,這是9個月來首次高於50。

He Fan, chief economist at Caixin Insight Group added:“All categories of the index showed improvement over the previous month. The output and new order categories rose above the neutral 50-point level, indicating that the stimulus policies the government has implemented have begun to take hold.

財新智庫(Caixin Insight Group)首席經濟學家何帆表示:“所有分項均較上月有所改善,產出、新訂單兩個分項指標向上突破50榮枯線水平,表明前期的刺激政策效果在逐漸發揮。

“However, considering that current conditions remain uncertain, the government needs to continue with moderate stimulus measures to reinforce market confidence.”

鑑於當前中國的復甦態勢仍不明朗,政府繼續保持適度的刺激政策,引領市場信心。”

The Caixin-sponsored series is based on a much smaller sample of private companies and tends to be more volatile than the official reading. The official survey focuses on larger state enterprises.

這個由財新贊助的系列調查,其調查對象是民營企業,樣本比官方調查要小得多,其波動性往往大於聚焦大中型國有企業的官方PMI讀數。

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