Recently, the China Federation of Logistics and Purchasing released the China Manufacturing Purchasing Managers Index (PMI) in December 2011, which was 50.3%. It was driven by the early release of the New Year's Day and the Spring Festival holiday season, which was 1.3 percentage points higher than the previous month, indicating the current economic growth rate. The trend of falling back tends to be stable, but the growth momentum is still relatively weak.
From the furniture industry, new export orders for wood processing and furniture manufacturing in December are still above 50%. However, due to the weak domestic demand, the finished goods inventory index of wood processing and furniture manufacturing in December is still higher than 50%, and the inventory pressure is still relatively large. In addition, the prices of major raw materials for wood processing and furniture manufacturing increased in December, and the inventory of major raw materials also increased, indicating that the cost of the furniture industry is on the rise.
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