China's PMI for steel sector falls to 52.3% in October
2017-11-03 13:51:40 [Print]
According the data from the CFLP Logistics Professional Committee, the Purchasing Managers' Index (PMI) for the steel sector fell to 52
Seen from the sub-indices, the production index was 58.3% in October, down by 1 . 5% slightly month on month, but remaining at a high level . The index had stayed above the threshold for 9 consecutive months; the raw material import index was 49 . 6%, down by 1 . 6% MOM, and below the threshold for the first time since May 2017; tthe new orders index was 55 . 9%, remaining above the threshold, although down by 4 . 7% MOM.
. 3% in October, down slightly by 1 . 4% compared with the previous month . The index had declined consecutively for two months, although it held for a sixth month above the 50-point mark that separates growth from contraction, meaning that the steel sector remained prosperous.
Seen from the sub-indices, the production index was 58.3% in October, down by 1 . 5% slightly month on month, but remaining at a high level . The index had stayed above the threshold for 9 consecutive months; the raw material import index was 49 . 6%, down by 1 . 6% MOM, and below the threshold for the first time since May 2017; tthe new orders index was 55 . 9%, remaining above the threshold, although down by 4 . 7% MOM.