China Official May PMI Rises to 50.8%

　　China's Purchasing Managers' Index, or PMI, for the manufacturing sector¹ rose to 50.8 percent in May from 50.6 percent in April.

 

　　This is the eighth consecutive² month for the PMI figure to stay above the 50-percent mark. The PMI is a key economic indicator³ so this means expanding activity.

 

　　And it shows that Chinese manufacturing is on the up.

 

　　Zhang Liqun is an analyst⁴ at China's State Council.

 

　　"The general modest rise of the PMI in May suggests a stable economy. Generally speaking I think it's a positive sign."

 

　　China's official PMI is based on a survey of purchasing managers from 3-thousand companies in 21 industries. The figures are different from HSBC bank's flash PMI reading issued last week.

 

　　The British bank said the PMI for China's manufacturing dropped to 49.6 point in May, slipping under the 50-point level for the first time in seven months.

 

　　But the China Federation⁵ of Logistics and Purchasing, or CFLP, says the sub-index for production moved up from 52.6 percent in April to 53.3 percent.

 

　　This is a major driver of May's PMI and represents expanding output.

 

　　The CFLP data also shows the employment sub-index for May declined 0.2 percentage points to 48.8 percent, indicating job cuts, while the sub-index for supplier delivery times was unchanged at 50.8 percent. 

1 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。

2 consecutive   

adj.连续的，联贯的，始终一贯的

参考例句：

• It has rained for four consecutive days.已连续下了四天雨。
• The policy of our Party is consecutive.我党的政策始终如一。

3 indicator   

n.指标；指示物，指示者；指示器

参考例句：

• Gold prices are often seen as an indicator of inflation.黃金价格常常被看作是通货膨胀的指标。
• His left-hand indicator is flashing.他左手边的转向灯正在闪亮。

4 analyst   

n.分析家，化验员；心理分析学家

参考例句：

• What can you contribute to the position of a market analyst?你有什么技能可有助于市场分析员的职务？
• The analyst is required to interpolate values between standards.分析人员需要在这些标准中插入一些值。

5 federation   

n.同盟，联邦，联合，联盟，联合会

参考例句：

• It is a federation of 10 regional unions.它是由十个地方工会结合成的联合会。
• Mr.Putin was inaugurated as the President of the Russian Federation.普京正式就任俄罗斯联邦总统。