This paper studies the dynamic interactions among indicators such as Industrial land price, output of manufactory, consumer price index, and manufacturing purchasing managers index. Aim to analysis that how the movement of industrial land price affects the output of manufactory. The empirical evidence suggests that Industrial land price certainly affects the output of manufactory in a negative way. On the contrary, the movement of industrial land price won’t affect the performance of the output of the manufacturing. The changes of the consumer price index and manufacturing purchasing managers index positively explain only part of the output of the manufacturing movement. But these two indicators can neither explain the movement of industrial land price.