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一、中国制造业保持高速扩张,外需增长速度快于内需中国11月制造业PMI持平于55.2,季调后下跌0.5至56,尽管绝对水平有所下跌,但11月该指数已经处于2005年以来的最高水平的范围(参见图1),由于制造业采购经理人指数反映月环比变化,因此,11月的数据表示制造业仍在以较高速度扩张。
I. China’s Manufacturing Sector Keeps Rapid Growth and External Demand Growth Faster Than Domestic Demand China’s manufacturing PMI remained flat at 55.2 in November, down 0.5 to 56 after the seasonally adjusted. Although the absolute level has declined, the index in November has been in the middle of 2005 (See Figure 1). Since the manufacturing purchasing managers’ index reflected a month-on-month change, the November data indicated that the manufacturing industry is still expanding at a relatively high rate.