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Dongguan Manufacturing PMI Fell to 51.5 in May
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Yesterday, the Dongguan Economic Information Bureau and Donguan Daily issued the latest Dongguan Manufacturing Purchasing Managers Index (key enterprise PMI). In May, the manufacturing PMI of our city was 51.5, down 2.2 percentage points from the previous month, indicating that the industrial economy continued to show a steady expansion, but the expansion has narrowed somewhat.

Among the five weight indicators, the production index, new order index, raw material inventory index and employee index are all above the border of 50.0. Among them, the production index was 53, down 1.4 percentage points from the previous month, and was above the 50.0 threshold for 12 consecutive months, indicating that the production volume continued to increase, but the growth rate narrowed. The new orders index was 53, down 1.7 percentage points from the previous month, and has been above the 50.0 threshold for 27 consecutive months, indicating continued growth in orders from customers but at a narrower increase.

The raw materials inventory index was 50.3, down 1.4% from the previous month, indicating an increase in major raw materials inventories but a narrower increase. The employment index was 50.2, down 4.6% from the previous month and above the 50.0 threshold for three consecutive months, indicating a sustained increase in employment but at a narrower increase. In addition, the supplier delivery time index is 48.5, down 2.2% from last month. Since returning to above the boom and bust line last month, it has fallen below the 50.0 threshold, indicating that the delivery time of suppliers is significantly shorter than that of last month.

Li chuanzhi, a special reading expert of the city's PMI index and a professor at Dongguan Institute of Technology, pointed out, except the supplier delivery time index falling below the boom and bust line in May, the other four weight indicators were above the boom and bust line, especially that the production index and new orders index were both 53 indicating that both sides of supply and demand work together and the market remains highly active. But it is worth noting that, in terms of the structure of index, both weight index and non weight indexes, except for  the purchase price index all fell, showing that the enterprise production, and sales pressure increased; operating costs, especially raw material costs rised, and industrial investment this year is not ideal; the external market uncertainty increased, and we need to be mindful of the risk of  industrial economy falling downside.

Li Chuanzhi believes that at present, the manufacture of artificial intelligence chips is becoming the grip to occupy the commanding heights of the electronic information industry and win the international and domestic competitive advantages. Remarkable achievements were obtained in recent years. On the basis of further strengthening support for electronic information and other pillar industries we need to plan and deploy early. In particular, we should target key missing links and key emerging industries of the industrial chain, such as electronic informatio, cultivating and forming more new enterprises and industries with core technologies to promote the transformation of Dongguan's industrial structure to a high level and diversified development thus improving the resilience of the industrial economy.

Source: www.timedg.com

 

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