There Is A Slowdown Trend In External Demand &Nbsp; Textile Manufacturing Industry Is In A "Cost Panic".

According to data released yesterday by China logistics and purchasing Federation (CLFP), the purchasing managers' index (PMI) of China's manufacturing industry in October was 54.7%, rising by 0.9 percentage points, rising third consecutive months and hitting a six month high. Among them, the purchase price index increased by 4.6 percentage points, indicating that manufacturing enterprises are facing severe cost pressures. There are Dongguan. enterprise Even all costs are rising.

Slowdown in external demand

In the October PMI released by China Federation of logistics and purchasing yesterday, the new order index was 58.2%, an increase of 1.9%, indicating that market demand gradually stabilized and grew rapidly. From the industry distribution, equipment manufacturing, transportation and other equipment manufacturing industry grew rapidly, with an index of more than 60%, indicating that the consumption of upstream raw materials will increase at the later stage.

The new orders index is rising, reflecting the new export situation. Exit Order index fell slightly. In October, the new export orders index was 52.6%, down 0.2 percentage points from last month, and the index level has been hovering around 52.6% for three consecutive months. From the industry perspective, exports of four industries such as metal products, textiles and chemical fibers have dropped, and the new export orders index is below 50%.

Zhang Liqun, a researcher at the Ministry of macroeconomic research of the development research center of the State Council, told the Dongguan Daily reporter that this has mainly received multiple factors such as the appreciation pressure of RMB, trade protection and so on. It believes that the pressure on foreign trade exports is increasing, and the future foreign trade environment still has strong uncertainty.

Manufacturing costs pressure unprecedented

In October, the purchase price index was 69.9%. Chain ratio Up 4.6%. The 20 industries that were included in the PMI statistics were all above 50%. Raw materials and energy, intermediate goods, consumer goods and production enterprises were all higher than 60%, among which raw materials and energy and intermediate category enterprises were the highest, reaching over 70%.

HSBC China Statistics showed that the average input cost of China's manufacturing industry rose sharply in October, the fastest growth since July 2008. The prices of coal, cotton, grain and steel all rose sharply. In addition to the impact of global commodity prices, the increase in costs is also related to measures taken by various regions to accomplish the annual energy saving and emission reduction tasks.

To cope with the increase in costs, manufacturers increase output prices and increase profits to maintain profit margins. Australia's new bank believes that manufacturing enterprises are facing unprecedented cost pressures, and rising costs will also pressure downstream consumer prices (CPI), thereby pushing up inflation expectations.

Zhang Liqun also believes that the cost of industrial products is affected by the cost and the pressure of price rise is not small. On the whole, the inflationary pressure can not be ignored.

Australia and New Zealand Bank believes that the structure of PMI reflects that CPI still has room for further growth, and that the central bank may raise interest rates again during the year.

Feel PMI

Dongguan: feel that all costs are rising.

In October, the purchase price index was 69.9%, rising by 4.6%. In the face of cotton, plastic, rubber and other raw materials gainers, some enterprises in Dongguan have already felt the pressure.

Dongguan Yuelong textile chief said that under normal circumstances, enterprises should finish the cotton reserves next year before the end of the year, but cotton prices continue to rise and feel very passive.

"In addition to cotton, enterprises in the production process also pay for utilities, wages, equipment depreciation, taxation, logistics and transportation. This year we feel that all these costs are rising." The person in charge said that among all these cost factors, the impact of the price increase of cotton raw materials is the most obvious and the most concern, but other factors that push up the cost can not be ignored.

　 It is understood that in order to reduce losses, textile enterprises began to be cautious. In the textile and apparel industry chain, the price of raw materials in cotton industry is rising due to the beginning of the industrial chain. All links in the entire industrial chain will face price pressure. At present, the cost pressure of cotton prices is mainly concentrated on cotton spinning enterprises, but as time goes on, the cloth, clothing, sales and circulation links in the industrial chain will be forced to raise prices, and eventually consumers will truly feel the "price increase".