Analysis Report on China's Industrial Composite Index (ICI) in November 2017
Release time:
2024-09-15
"Self-improvement-the mouthpiece of China's industrial sector."
In November 2017, the China Industrial Composite Index (ICI) was 52.6 percent, up 0.7 percentage points from the previous month, rebounding higher this month after a slight decline last month and continuing to operate above the equilibrium line, indicating that economic development continues to operate in an expansionary range. The operating environment index was 50.2, up 0.1 percentage points from the previous month, maintaining the upward trend of the previous month and continuing above the equilibrium line, reflecting the improvement in the market operating environment. The financing difficulty index was 43.5 per cent, up 0.5 percentage points from the previous month, indicating that the current problem of difficult and expensive financing for enterprises has slowly improved, but the index is still well below the equilibrium line of 50 per cent. The ICI manufacturing index was 52.0 per cent, up 0.1 per cent from the previous month, and continued to operate above the equilibrium line, indicating that investment in manufacturing production tends to be optimistic and stable. The efficiency status index was 50.9 per cent, up 1 percentage point from the previous month and above the equilibrium line, indicating a slight improvement in efficiency and a state of enterprise satisfaction. The ICI's expected development index was 54.5 per cent, up 0.2 percentage points from the previous month and above the equilibrium line, indicating that companies are more confident in the future.
In November, the ICI Suzhou Index was 51.6 per cent, up 0.3 percentage points from the previous month, and the ICI Yantai Index was 52.1 per cent, up 0.1 percentage points from the previous month, both above the equilibrium level, indicating that the industrial economies of Suzhou and Yantai are rising steadily and continue to operate in an upward channel.
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