The return of manufacturing PMI to the expansion range shows that the economy continues to recover
2022-10-08
The Service Industry Investigation Center of the National Bureau of Statistics and the China Federation of Logistics and Purchasing released data on September 30. In September, the purchasing managers' index (PMI) of China's manufacturing industry was 50.1%, up 0.7 percentage points from the previous month and above the critical point. This leading indicator shows that China's economy has continued to recover in general. "In September, as the package of policies to stabilize the economy continued to play its role, and the impact of high temperature weather faded, the outlook of the manufacturing industry warmed up, and PMI returned to the expansion range." Zhao Qinghe, senior statistician of the Service Industry Investigation Center of the National Bureau of Statistics, said. Statistics show that manufacturing production has expanded. In September, the manufacturing industry entered the traditional peak season. The production index rose to 51.5%, 1.7 percentage points higher than that of last month. It returned to above the critical point again, and the production activities of manufacturing enterprises accelerated. From the perspective of industry conditions, in September, the production index of refined tea, medicine, non-metallic mineral products, ferrous metal smelting and calendering processing, general equipment manufacturing and other industries in food and beverage industry rose to 54% or above, and the enterprise's production capacity was released rapidly. At the same time, in order to meet the production needs, enterprises have increased their purchasing of raw materials, with the purchasing volume index rising to 50.2%, and the market activity of the manufacturing industry has increased. The steady investment policy was gradually promoted, the demand for basic raw materials was released steadily, and the basic raw material industry recovered rapidly. In September, the PMI of the basic raw material industry was 50.6%, 4.4 percentage points higher than that of the previous month, and returned to the expansion range after operating below 50% for three consecutive months. The prosperity level of large, medium and small enterprises has rebounded. In September, the PMI of large enterprises was 51.1%, 0.6 percentage points higher than that of the previous month, and it was in the expansion range for two consecutive months. The PMI of medium-sized enterprises was 49.7%, up 0.8 percentage points over the previous month; The PMI of small enterprises was 48.3%, up 0.7 percentage points over the previous month. Wen Tao, an expert of China Logistics Information Center, said that from the perspective of the operation trend of large, small and medium-sized enterprises, the effect of the policy of protecting market entities and helping enterprises to rescue has continued to appear since this year. The enterprise expects to improve. In September, the expected index of production and operation activities was 53.4%, 1.1 percentage points higher than that of the previous month, and the confidence of manufacturing enterprises rebounded. From the perspective of industry conditions, the expected index of production and operation activities in agricultural and sideline food processing, food and beverage refined tea, medicine, automobile, railway, ship, aerospace equipment manufacturing and other industries is at a high boom range of more than 58%. Enterprises in related industries are optimistic about the recent market development prospects. "Although the boom level of the manufacturing industry has rebounded this month, the new order index is 49.8% from the perspective of market demand, which continues to be in the contraction range, indicating that the market demand of the manufacturing industry is still weak." Zhao Qinghe said. The non manufacturing business activity index kept expanding. In September, the non manufacturing business activity index was 50.6%, down 2 percentage points from the previous month, still higher than the critical point, and the overall expansion of the non manufacturing industry slowed down. Influenced by the epidemic situation and other factors, the business activity index of the service industry dropped to 48.9% in September, and the market activity of the service industry weakened. From the perspective of market expectations, the expected index of business activities is 56.1%, lower than
Edit：Yi Bing Responsible editor：Wei Li Bin
Source：XinhuaNet
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