According to the website of the National Bureau of Statistics on March 31, 2024, the Service Industry Survey Center of the National Bureau of Statistics and the China Federation of Logistics and Purchasing released the China Purchasing Managers Index. Zhao Qinghe, a senior statistician at the Service Industry Survey Center of the National Bureau of Statistics, interpreted this. According to the interpretation, in March, the Purchasing Managers Index, Non Manufacturing Business Activity Index, and Comprehensive PMI Output Index of the manufacturing industry were 50.8%, 53.0%, and 52.7%, respectively, an increase of 1.7, 1.6, and 1.8 percentage points from the previous month. All three major indices are in the expansion range, and the production and operation activities of enterprises have accelerated, leading to a rebound in China's economic prosperity. The Purchasing Managers Index for the manufacturing industry rose to the expansion range in March. As companies accelerated their resumption of work and production after the Spring Festival, market activity increased, and the manufacturing PMI rose to 50.8%, returning to the expansion range. Among the 21 industries surveyed, 15 are in the expansion range, an increase of 10 compared to the previous month, indicating a significant expansion in the manufacturing industry's business prospects. （1） The production demand index has both rebounded. The production index and new order index were 52.2% and 53.0% respectively, an increase of 2.4 and 4.0 percentage points from the previous month, indicating a significant rebound in the manufacturing industry's production and demand prosperity level. From an industry perspective, the two indices of wood processing and furniture, railway, ship, aerospace equipment, and computer communication electronic equipment are both in a relatively high prosperity range of over 55.0%, indicating a rapid release of production and demand; The two indices of industries such as petroleum, coal and other fuel processing, black metal smelting, and rolling processing are below the critical point, indicating a low level of prosperity. Driven by the rebound in production and market demand, the procurement activities of manufacturing enterprises have significantly increased, with a procurement volume index of 52.7%, an increase of 4.7 percentage points from the previous month. （2） The import and export index has returned to the expansion range. After the Spring Festival, the import and export momentum of the manufacturing industry has rebounded, with the new export order index and import index reaching 51.3% and 50.4% respectively, an increase of 5.0 and 4.0 percentage points from the previous month, both rising to the expansion range. From an industry perspective, the indices of chemical fiber and rubber plastic products, automotive, computer communication electronic equipment, and other industries are both above the critical point, and the foreign trade business of related industries has increased compared to the previous month. （3） Small business PMI has risen to the expansion range. The PMI of large, medium, and small enterprises were 51.1%, 50.6%, and 50.3%, respectively, an increase of 0.7, 1.5, and 3.9 percentage points compared to the previous month. The production and operation status of enterprises of different scales has improved. Among them, the PMI of large enterprises has remained at or above the critical point for 11 consecutive months, continuously playing a supporting and leading role; Small business PMI has risen to the expansion range for the first time in 12 months, and production and business activities have accelerated. （4） Three key industries are expanding simultaneously. The PMI of high-tech manufacturing, consumer goods industry, and equipment manufacturing industry were 53.9%, 51.8%, and 51.6%, respectively, an increase of 3.1, 1.8, and 2.1 percentage points from the previous month, all higher than the overall level of the manufacturing industry. The production index and new order index of high-tech manufacturing industry were both above 55.0%, and the release of production and demand in related industries was accelerated. The PMI of high energy consuming industries was 49.1%, an increase of 1.2 percentage points from the previous month, and the level of prosperity continued