According to the news in central website of People’s Bank of China, the Analysis of Macroeconomic Situation in the Second Quarter of 2009 released by the Survey and Statistics Department of People’s Bank shows that the macroeconomic heat index in the second quarter increased by 7.8 percentage points to -30.8% over the previous quarter, and it is the first picking up after the five-quarter decline.

It is shown in the survey that in view of the economic climate index released by the Survey and Statistics Department of People’s Bank the coincident composite index of the industrial added value is still in a declining phase, so is the leading composite index, but the reduction of decreasing rate shows the stabilized trend in the future economy, and the estimation of coincident composite index indicates the recovered trend of economy.

The enterprise survey of People’s Bank shows that the macroeconomic heat index in the second quarter increased by 7.8 percentage points to -30.8% over the previous quarter, which is the first picking up after the five-quarter decline. Although it is still in a recession interval, the enterpriser’s worry about the cooling of macro economy is significantly weakened; enterprise climate index in the second quarter rise 4.6 percentage points to 12.1% over the previous quarter, which ends the declining trend since the third quarter of 2008.

Meanwhile, the climate survey of People’s Bank shows that the enterprisers confidence index in the second quarter is 68.4%, which is 7.2 percentage points higher than the previous quarter and 7.5 percentage points higher than the lowest value (60.9%) in the fourth quarter of last year; the bankers confidence index in the second quarter is 40.0%, rebounding 14.4 percentage points over the previous quarter. The stock market continues to pick up, the Shanghai composite index rise from the 2373.21 points in the end of the previous quarter to the 2959.36 points in June 30, up 24.7%. The questionnaire for urban depositor shows that the resident-owned stock climate index in the second quarter is 52.3%, substantially higher than the 18.6% in the previous quarter, and the resident’s confidence to stock market is picking up gradually.

Source: www.chinanews.com.cn