China's Leather And Fur Industry's New Order Index Was Higher Than 60% In November.

According to the latest release of China Federation of logistics and purchasing, China's Manufacturing Purchasing Managers Index (PMI) in November was 55.4%, up 2.2 percentage points from last month.

This is another rebound after the PMI index rebounded in 8 and September this year.

Zhang Liqun, director of the macro research department of the Ministry of development of the State Council, said: "this shows that China's economy has the possibility of maintaining long-term and rapid growth, but the steady growth trend and the prevention of large fluctuations will always be the main task of macroeconomic policy."

According to Chen Zhongtao, senior economist of China Logistics Information Center, manufacturing PMI index is a composite index, usually PMI index is above 50%, reflecting the overall economic expansion; less than 50%, reflecting the economic recession.

In the PMI index system of November, only finished goods inventory index was lower than 50%, and the rest indexes were higher than 50%.

From the change trend, compared with the previous month, the supplier delivery time index remained unchanged; the employment index dropped slightly; the remaining indexes increased, especially in the production index and purchase price index, and the increase was more than four percentage points.

In specific indicators, the new order index increased three percentage points from last month to 59.4%.

Among the 20 industries, only two industries of non-ferrous metal smelting and calendering processing and metal products industry were below 50%, while the other 18 industries were all higher than 50%. Among 10 industries, clothing, shoes and hat manufacturing, feather and down products, tobacco products, pportation equipment manufacturing, general equipment manufacturing, wood processing and furniture manufacturing were higher than 60%.