PMI指数与股票指数关系(附数据和图表)
指标名称官方PMI
（%）-
右轴
汇丰PMI
（%）-
右轴
上证综指—
收盘价(元)
中小板指
—收盘价
(元)
2005-0154.701191.82
2005-0254.501306
2005-0357.901181.24
2005-0456.701159.15
2005-0552.901060.74
2005-0651.701080.941169.26 2005-0751.101083.031176.63 2005-0852.601162.81298.22 2005-0955.1050.901155.611346.95 2005-1054.1050.101092.821355.68 2005-1154.1049.801099.261429.19 2005-1254.3050.101161.061405.1 2006-0152.1050.201258.051430.02 2006-0252.1050.701299.031438.8 2006-0355.3051.001298.31506.01 2006-0458.1052.701440.221721.62 2006-0554.8052.801641.32085.92 2006-0654.1052.901672.212231.11 2006-0752.4053.001612.732005.56 2006-0853.1052.601658.642098.45 2006-0957.0052.401752.422202.39 2006-1054.7052.101837.992133.16
2006-1155.3053.002099.292281.28 2006-1254.8052.402675.472467.7 2007-0155.1052.002786.343079.81 2007-0253.1053.002881.073178.46 2007-0356.1052.303183.983584.1 2007-0458.6053.303841.274272.82 2007-0555.7054.104109.654683 2007-0654.5055.003820.74345.52 2007-0753.3053.204471.035171.87 2007-0854.0053.405218.835819.78 2007-0956.1055.005552.35799.92 2007-1053.2055.205954.775481.88 2007-1155.4052.804871.785028.44 2007-1255.3053.305261.566247.56 2008-0153.0053.204383.395706.94 2008-0253.4052.804348.546093.64 2008-0358.4054.403472.714950.14 2008-0459.2055.403693.114858.35 2008-0553.3054.703433.354720.16 2008-0652.0053.302736.13676.12 2008-0748.4053.302775.723969.24 2008-0848.4049.202397.373199.73 2008-0951.2047.702293.782838.74 2008-1044.6045.201728.792201.02 2008-1138.8040.901871.162574.03 2008-1241.2041.201820.812863.99 2009-0145.3042.201990.663059.43 2009-0249.0045.102082.853187.72 2009-0352.4044.802373.213747.49
PMI指数是通过对采购经理的月度调查汇总济先行指标。2005年始，中国物流与采购联合和丰银行与英国研究公司Markit集团共同编制、发多家企业（主要是国有企业）进行调查不同，汇。通常认为，当PMI大于50%时，说明经济在发展PMI小于50%时，说明经济在衰退，越小于50%说 对于PMI指数与股市走势有时呈正相关关系有先导性。PMI数据转折，一般领先经济转折在来进行调整，是一种预期。如果PMI指数持续上生正面影响；若持续走低，或低于50%，会引发 然而，PMI指数和股市走势并非有着严格同走势达到峰值，而PMI指数并未出现大幅度波动 因而，PMI指数与股市并没有直接关系，PM 由于中国股市处于初级阶段，政策与消息对股市经济晴雨表的功能偶尔会失灵。因此，PMI指标随PMI指数见底大幅调整后，若PMI见底回升，股
2009-0453.5050.102477.574030.4 2009-0553.1051.202632.934209.59 2009-0653.2051.802959.364363.72 2009-0753.3052.803412.064766.9 2009-0854.0055.102667.754076.52 2009-0954.3055.002779.434436.65 2009-1055.2055.402995.854792.93 2009-1155.2055.703195.35408.31 2009-1256.6056.103277.145631.76 2010-0155.8057.402989.295437.43 2010-0252.0055.803051.945660.49 2010-0355.1057.003109.115829.45 2010-0455.7055.202870.615602.97 2010-0553.9052.702592.155312.92 2010-0652.1050.402398.374880.68 2010-0751.2049.402637.55495.76 2010-0851.7051.902638.86182.49 2010-0953.8052.902655.666332.36 2010-1054.7054.802978.846942.16 2010-1155.2055.302820.186936.97 2010-1253.9054.402808.086828.98 2011-0152.9054.502790.696180.68 2011-0252.2051.702905.056732.99 2011-0353.4051.802928.116397.67 2011-0452.9051.802911.516050.05 2011-0552.0051.602743.475580.8 2011-0650.9050.102762.085816.12 2011-0750.7049.302701.735878.68 2011-0850.9049.902567.345675.07 2011-0951.2049.902359.224990.43 2011-1050.4051.002468.255146.8 2011-1149.0047.702333.414919.12 2011-1250.3048.702199.424295.86 2012-0150.5048.802292.614188.04 2012-0251.0049.602428.494690.79 2012-0353.1048.302262.794413.17 2012-0453.3049.302396.324595.57 2012-0550.4048.402372.234704.38 2012-0650.2048.202225.434477.79 2012-0750.1049.302103.634178.35 2012-0849.2047.602047.524137.8 2012-0949.8047.902086.174264.83 2012-1050.2049.502068.884177.88 2012-1150.6050.501980.123678.21 2012-1250.6051.502269.134236.6 2013-0150.4052.302385.424471.13 2013-0250.1050.402365.594656.51 2013-0350.9051.602236.624614.6 2013-0450.6050.402177.914481.2 2013-0550.8049.602300.595131.98
对采购经理的月度调查汇总出来的指数，是一套月度发布的综合性经年始，中国物流与采购联合和统计局共同编制、发布官方PMI指数。汇公司Markit集团共同编制、发布汇丰PMI指数。与官方PMI主要针对700国有企业）进行调查不同，汇丰PMI指数更倾向于对中小企业进行调查大于50%时，说明经济在发展，PMI越大于50%说明经济发展越强势；当明经济在衰退，越小于50%说明经济衰退越快。
与股市走势有时呈正相关关系，有分析人士认为，其原因在于PMI指标具转折，一般领先经济转折在1到4个月不等，股市会根据PMI指数的好坏种预期。如果PMI指数持续上升，或高于50%，说明经济向好，对股市产续走低，或低于50%，会引发人们对经济的担忧，从而影响大盘走势。数和股市走势并非有着严格同步和正相关的关系。如2007年10月，大盘MI指数并未出现大幅度波动。
数与股市并没有直接关系，PMI指数通过反映经济运行间接传导到股市。初级阶段，政策与消息对股市的影响较大，资本推动股市的特点突出，偶尔会失灵。因此，PMI指标要结合股指所处的阶段进行运用。当股市调整后，若PMI见底回升，股指企稳反弹的可能性较大。
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