National Bureau of Statistics: China's manufacturing PMI in February was 52.6%
2023-03-01
According to the website of the National Bureau of Statistics, in February, the manufacturing purchasing managers' index (PMI) was 52.6%, 2.5 percentage points higher than the previous month, higher than the critical point, and the manufacturing boom continued to rise. In February, the non-manufacturing business activity index was 56.3%, up 1.9 percentage points from the previous month, higher than the critical point, and the non-manufacturing industry recovered and developed well. 1、 Operation of China's manufacturing purchasing manager index In February, the manufacturing purchasing manager index (PMI) was 52.6%, 2.5 percentage points higher than the previous month, higher than the critical point, and the level of manufacturing prosperity continued to rise. From the perspective of enterprise scale, the PMI of large, medium and small enterprises was 53.7%, 52.0% and 51.2% respectively, 1.4, 3.4 and 4.0 percentage points higher than that of the previous month, all above the critical point. From the perspective of sub-indexes, among the five sub-indexes that constitute the manufacturing PMI, the production index, the new order index, the employee index and the supplier delivery time index are higher than the critical point, and the raw material inventory index is lower than the critical point. The production index was 56.7%, up 6.9 percentage points from the previous month, indicating that manufacturing production was significantly accelerated. The new order index was 54.1%, up 3.2 percentage points from the previous month, indicating that the demand in the manufacturing market continued to rise. The raw material inventory index was 49.8%, up 0.2 percentage points from the previous month, indicating that the decline in the main raw material inventory of the manufacturing industry continued to narrow. The employee index was 50.2%, up 2.5 percentage points from the previous month, indicating that the employment of manufacturing enterprises increased compared with the previous month. The delivery time index of suppliers was 52.0%, up 4.4 percentage points from the previous month, indicating that the delivery time of raw material suppliers in the manufacturing industry was accelerated. 2、 The operation of China's non-manufacturing purchasing managers' index in February, the non-manufacturing business activity index was 56.3%, up 1.9 percentage points from the previous month, higher than the critical point, and the non-manufacturing industry recovered and developed well. In terms of industries, the business activity index of the construction industry was 60.2%, up 3.8 percentage points from the previous month. The business activity index of the service industry was 55.6%, up 1.6 percentage points from the previous month. From the perspective of the industry, the business activity index of road transport, air transport, postal service, accommodation, leasing and business services is at a high level of over 60.0%; The business activity index of wholesale, insurance and other industries is below the critical point. The new order index was 55.8%, up 3.3 percentage points from the previous month, higher than the critical point, indicating that the demand in the non-manufacturing market continued to recover. By industry, the index of new orders in the construction industry was 62.1%, up 4.7 percentage points from the previous month; The index of new orders in the service industry was 54.7%, up 3.1 percentage points from the previous month. The price index of inputs was 51.1%, down 0.4 percentage points from the previous month, higher than the critical point, indicating that the overall level of increase in the price of inputs used by non-manufacturing enterprises for business activities fell. By industry, the price index of construction inputs was 55.3%, which was the same as that of last month; The service industry input price index was 50.4%, down 0.5 percentage points from the previous month. Sales price refers to
Edit：Hou Wenzhe Responsible editor：WeiZe
Source：economic dairy
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