In terms of enterprise size, the PMI of large enterprises was 50.9% , an increase of 1.0 percentage point from the previous month ; the PMI of medium-sized enterprises was 49.5% , an increase of 0.5 percentage points from the previous month ; the PMI of small enterprises was 49.4% , an increase of 1.5 percentage points from the previous month .
From the perspective of the classification index, of the five classification indexes that constitute the manufacturing PMI , the production index, new order index, and supplier delivery time index are higher than the threshold, while the raw material inventory index and the employment index are lower than the threshold.
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David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
