Manufacturing PMI recovery shows that the economy maintains the development trend

Xinhua News Agency, Beijing, August 31st: Manufacturing PMI recovery shows that the economy maintains the restoration of development

Xinhua News Agency reporter Wei Yukun

The National Bureau of Statistics' Service Industry Investigation Center and China Logistics and Procurement Federation released data on August 31. In August, China Manufacturing Purchasing Manager Index (PMI) was 49.4%, an increase of 0.4 percentage points from the previous month. This leading indicator shows that my country's economy still maintains the development trend.

"In August, the manufacturing PMI rose to 49.4%. Among the 21 industries surveyed, 12 industries PMI increased from the previous month. Most industries have improved." Say.

Statistics show that the production index is flat and one liter. In August, the production index was 49.8%, which was the same as last month. The new order index was 49.2%, which was higher than 0.7 percentage points last month. However, both indexes continue to be located in the contraction range, indicating that the recovery of manufacturing production needs to be strengthened.

From the perspective of the industry, in August, driven by factors such as the Mid -Autumn Festival, the production demand indexes of agricultural and sideline food processing, food, and wine and beverage refined tea have risen to more than 55%. Store; textile, chemical raw materials and chemical products, non -metal mineral products and other industries such as production demand index are less than 45%, and enterprises have declined significantly.

The price index rose low. In August, the purchase price index and the factory price index of the main raw materials were 44.3%and 44.5%, respectively, an increase of 3.9 and 4.4 percentage points from the previous month. The overall level of the manufacturing market price was narrowed. The survey results show that the proportion of enterprises that reflect the high cost of raw materials this month accounted for 48.4%, a decrease of 2.4 percentage points from the previous month. The first time in the year was less than 50%, and the cost pressure of the corporate cost was relieved.

Wen Tao, an expert in China Logistics Information Center, said that from the perspective of the index trend, the average value of the purchase price index and the factory price index in the first half of the year was 59.1%and 52%, respectively. Running below 45%is significantly lower than the first half of the year.

In addition, large and medium -sized enterprises PMI has picked up. In August, the PMI of large enterprises was 50.5%, an increase of 0.7 percentage points from the previous month, and rose to the expansion range. The PMI of the medium -sized enterprise was 48.9%, an increase of 0.4 percentage points from the previous month. The PMI of small enterprises was 47.6%, a decrease of 0.3 percentage points from the previous month, and the production and operation pressure of small enterprises was high.

It is worth noting that some key industries have maintained expansion. In August, as various consumer policies and measures took effect, the PMI of the consumer goods industry rose to 52.3%, which was higher than 0.9 percentage points last month. The PMIs of the equipment manufacturing and high -tech manufacturing industries were 50.9%and 50.6%, respectively, below 0.3 and 0.9 percentage points below the last month, and they were still higher than the critical point. The industry maintained expansion, but the pace slowed down.

Non -manufacturing business activity indexes have remained expanded. In August, the non -manufacturing business activity index was 52.6%, a decrease of 1.2 percentage points from the previous month. It is still higher than the critical point. Non -manufacturing has maintained a recovery expansion for three consecutive months.

Zhao Qinghe said that in August, affected by factors such as the epidemic and high temperature weather, the service industry's business activity index fell to 51.9%, a decrease of 0.9 percentage points from last month, but higher than the critical point. From the market expectations, the business activity expectations index is 57.6%, which is below 1.2 percentage points last month. It is still in a high boom range. Among them, retail, railway transportation, postal, Internet software and information technology services, monetary financial services and other industries The expected index is more than 60%of the high -level boom range, and the company's expectations are more optimistic.

The construction industry has maintained rapid expansion. In August, the business activity index of the construction industry was 56.5%, which was lower than 2.7 percentage points last month. It was still located in the high prosperity range. The construction industry production activities continued to expand. From the perspective of industry conditions, the business activity index of civil engineering construction industry is 57.1%, and the new order index and business activities expectation index rose to 55.5%and 64.1%, respectively, indicating that the construction of infrastructure projects maintains a faster construction process, and market demand continues to rise. It is better for recent development expectations.

The operation data of the national economy in July showed that the economy continued to resume development, but the recovery foundation still needs to be consolidated. The executive meeting of the State Council held on August 24 stated that while implementing a policy of stabilizing the economy, 19 continuation policies were implemented to form a combined effect, promoting economic stability, maintenance in a reasonable range, and striving to strive for the best results. In this regard, some foreign media publications such as Forbes magazine said that taking positive measures to support the rapid recovery of the economy, "the medium and long -term prospects of the Chinese economy are still very good."

"Generally speaking, in the face of unfavorable factors such as epidemics and high temperatures, all regions and departments conscientiously implement the decision -making and deployment of the Party Central Committee and the State Council, and actively respond to enterprises. my country's economy maintains the development trend." Zhao Qinghe said.

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