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Rapport d'index GGSC-CN (Novembre 2021)

In November 2021, China's PMI index registered 50.1%, an increase of 0.9 percentage points from the previous month, operating in the expansion range (above 50%) after 2 consecutive months, indicating indicating that the economy has stabilized after two consecutive months of correction.This month, the timber production and manufacturing of timber industry contracted compared with the previous month, the orders and production of most enterprises declined, the orders on hand of enterprises decreased, and the inventory of finished products was further consumed. It is worth noting that the price of raw materials fell for the first time after rising for 11 consecutive months.The GGSC-CN comprehensive index for November registered 44.7% (53.3% for last November and 55.6% for November 2019), a decrease of 12.5 percentage points from the previous month, and was below the critical value of 50%. It shows that the operation of the superior forest products enterprises represented by GGSC-CN index shrink from last month. See Figure 1 for more details.

Figure 1 GGSC-CN index trend from December 2020 to November  2021 


Ø Oak and Zingana are in short supply.

Products in short supply 


Commodity of which the price has been increased 

Paraffin, waterproof agent, base material, glue, formaldehyde

Commodity of which the price has been decreased 

Fiberboard,colored paper,Eucalyptus medium board, Eucalyptus firewood; Urea, Melamine 

As for the GGSC-CN  index, in November 2021,one sub-index of GGSC-CN  increase , one flat and three decrease.

The production index registered 33.3%, a decrease of 27.7 percentage points from the previous month, and below 50% for two months. It shows that the production of superior forest products enterprises represented by GGSC CN is worse than that of last month.

The new order index registered 50.0%, a decrease of 22. percentage points from the previous month, reflecting the ability of enterprises to obtain orders is almost same as last month.Among them, the new export order index reflecting international trade registered 27.8%, an decrease of 11.1 percentage points from the previous month,, showing that orders from abroad this month is decreased from last month.

The main raw material inventory index registered 44.4%, a decrease of 5.6 percentage points  from the previous month. It shows that the raw material inventory of the superior forest products enterprises is less than that of last month.

The employment index registered 55.6%, same as the previous month. It shows that the employment of the superior forest products enterprises is more than that of last month. 

The supplier delivery time index was 38.9%, an increase of 11.1 percentage points from the previous month. It indicates that the supply time of raw material suppliers of the superior forest product enterprises is slower than last month.



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