China's Dec Mgf PIM falls to 51.4% from Nov's 51.7 - NBS

   In December 2016, China's manufacturing purchasing managers index (PMI) was 51.4 percent, a decrease of 0.3 percentage points over last month, but continuing an upward trend and marking the second highest point in the year, according to National Bureau of Statistics of China.
  In view of the sizes of enterprises, the PMIs of large-sized and medium-sized enterprises were 53.2 (was higher than the threshold) and 49.6 (was lower than the threshold) percent, decreased 0.2 and 0.5 percentage points over last month respectively; that of small-sized enterprises was 47.2 percent, decreased 0.2 percentage points, continued to stay in the contraction range, and the pace of decline extended.
   Among the five sub-indices composing PMI, the production index and new orders index were higher than the threshold. The supplier delivery time index was at the threshold. The employed person index, and main raw materials inventory index were lower than the threshold.
  Production index was 53.3 percent, a decrease of 0.6 percentage points month-on-month, indicating that manufacturing production has slowed, but continued to be higher than the threshold.
   New orders index was 53.2 percent, unchanged from the previous month, showing that the manufacturing market demand maintained faster growth.
   Employed person index was 48.9 percent, decreased 0.3 percentage points month-on-month, still lower than the threshold, indicating that the labor employment of manufacturing enterprises decreased, and the pace of decline continued to widen.
   Main raw materials inventory index was 48.0 percent, a decrease of 0.4 percentage points over last month, and was still below the threshold, indicating that the manufacturing main raw material inventory continued to decline.
   Supplier delivery time index was 50.0 percent, an increase of 0.3 percentage points over last month, and was at the threshold, indicating unchanged delivery time of manufacturing raw material suppliers.