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Chinese Shoes And Apparel Export Orders Index Rebounded Slightly In
Recently, China Federation of Logistics and Purchasing released in December 2009 China Manufacturing Purchasing Managers Index. The export orders index was 52.6%. Although the index declined last month, compared to 1 percentage point, but the index at the expanding range, indicating that China's exports to narrow down the space in the export situation is gradually returning, but the market trend is still stable.
Reviewing China's PMI index in 2009 to run track, export orders index is mainly characterized by the following characteristics:
Export market, slow recovery. In 2008, after the full-blown financial crisis, with the Composite Index (PMI) the same as new orders index and the index of export orders in November 2008 the bottom. In the government "protect growth" driven by strong measures, in February 2009, the new orders index (50.4%) were reversed. The export orders index slow to May (50.1%) showed only shift. Shows that China's economy driven by investment, domestic demand to restore the lead to start. Suits the need is limited by the overall global economic recession, the demand constraints and the sharp decline in slow recovery.
Market conditions, external demand is slow up, the global economy is difficult in the slow recovery, China's export situation has also continued to slowly resuming its upward path.
Exports to a good trend continued. From the trend, export orders index has been 8 months to stand above the critical point, indicating that the export market continued to rally. From the structure, such as fabricated metal products, electrical machinery and equipment manufacturing, communications equipment, computers and other electronic equipment and clothing shoes and hats manufacturing industries with higher proportion of exports in recent months, indicators show steady growth. Particularly in the garment manufacturing industry, shoes, hats, their export orders index in 2009 before the 9 months in 20 basic industries at the bottom fifth, 6. Since the export orders index since October began to rise in December's index rose to 56.9%, in 20 industries ranked fifth. On their industry is also being gradually out of the doldrums, the market recovery is already showing improvement.
Export situation remains unstable. On the one hand the trend index of instability. 11,12 month export orders index showed a slight increase in the callback, the callback rate were 0.9 and 1.0 percentage points. The other hand, industry structure is also unstable. Such as chemical fiber manufacturing and rubber and plastic products industry in a low hover; textile industry (44.2%) and general equipment manufacturing industry (40%) of the export orders index occurred in November, after increasing in December also was apparently dropped. Indicates that the current market conditions, external demand remained stable.
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