China National Bureau of Statistics and Sinotrust Jointly Release '2010 Q3 China Automotive Industry Climate Index'
By Sinotrust International Information Consulting beijing Co. Ltd, PRNEWednesday, October 20, 2010
Climate Index declines from peak and Confidence Indices soar
BEIJING, October 21, 2010 - China Economic Monitoring Center of China National Bureau of Statistics
and Sinotrust International Information & Consulting (Beijing) jointly
released the "2010 Q3 China Automotive Industry Climate Index."
1. China Automotive Industry Climate Index records 104.8 points in Q3 of 2010 (2001=100), down 0.9 point over the pervious quarter, continuing Q2's slight fallback. 2. Pre-warning Index of China Automotive Industry records 126.7 points, down 6.6 points over the previous wave and still in the "Yellow Zone". 3. Entrepreneur Expectation Index of China Automotive Industry registers 121.1 points, up 7.6 points over the previous quarter. 4. Dealer Manager Index of the China Automotive Industry registers 115.8 points, up 24.1 points over the previous quarter.
In general, the following trends were observed during the survey: 1. the
Industry Climate Index of Q3 remains high despite a slight fallback over the
previous wave; 2. the growth of the related economic indicators (e.g. the
industry's total profit) shows a slowdown and the production and sales growth
is becoming rationalized; 3. with vehicle prices dropping and the growth of
the capital occupation rate for finished products regaining its momentum, the
inventory pressure increases; 4. as entrepreneurs and dealers are satisfied
with the market performance in Q3 and optimistic about the market prospect in
Q4, both the Entrepreneur Expectation Index and the Dealer Manager Index stop
dropping and rebound.
Because of a high base of comparison in Q3 of 2009, the Climate Index in
Q3 of 2010 seems relatively low. Now, the governmental stimulus package's
driving effects are waning slowly. The stimulus policies may expire at the
end of 2010, triggering a last-minute purchase rush at the end of this year.
Therefore, the auto market will continue to boom in Q4 of 2010.
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Business, Yumei HUI, +86-10-5926-7560/+86-10-5926-7608, huiyumei at sinotrust.cn; or Media, Sophia LIU, +86-10-5926-7722, liuqian at sinotrust.cn, both of Sinotrust
Tags: Beijing, China, France, Germany, October 21, Sinotrust International Information & Consulting (beijing) Co. Ltd, United Kingdom