The Service Industry Survey Center of the National Bureau of Statistics and the China Federation of Logistics and Purchasing released data on September 30th. In September, the Purchasing Managers' Index (PMI) of China's manufacturing industry was 50.2%, an increase of 0.5 percentage points from the previous month, returning to the expansion range. In September, the manufacturing PMI rebounded for four consecutive months and rose to the expansion range for the first time since April. Among the 21 industries surveyed, 11 had PMIs above the critical point, an increase of 2 compared to the previous month, indicating an expansion of the manufacturing industry's prosperity. "said Zhao Qinghe, a senior statistician at the Service Industry Survey Center of the National Bureau of Statistics. Both production and demand continue to improve. With the gradual recovery of market demand and the continuous acceleration of manufacturing production activities, the production index and new order index in September were 52.7% and 50.5%, respectively, an increase of 0.8 and 0.3 percentage points compared to the previous month. The price index has continuously rebounded. Recently, some commodity prices have continued to rise, coupled with further activity in corporate procurement activities, and the overall level of manufacturing market prices has continued to rise. In September, the main raw material purchase price index and factory price index were 59.4% and 53.5%, respectively, an increase of 2.9 and 1.5 percentage points compared to the previous month, both of which were high points for the year. PMI in various key industries has rebounded. In September, the PMI of the equipment manufacturing industry, high-tech manufacturing industry, and consumer goods industry were 50.6%, 50.1%, and 51.3%, respectively, an increase of 0.6, 0.7, and 0.3 percentage points compared to the previous month, all within the expansion range. The PMI of high energy consuming industries is 49.7%, although below the critical point, it is 0.6 percentage points higher than last month, indicating an improvement in the economic level. The expected index remains stable. In September, the expected index of production and business activities was 55.5%, which was basically unchanged from the previous month and remained in a relatively high economic range. Enterprises remained generally optimistic about market expectations. From an industry perspective, the expected index of production and operation activities in industries such as agricultural and sideline food processing, automobiles, railways, ships, aerospace equipment, etc. is at a high level of over 60%, indicating strong confidence in the development of the industry. Zhao Qinghe said that the survey results showed that the proportion of manufacturing enterprises that reported intensified industry competition, high raw material costs, and tight funds this month has increased compared to last month, and the recovery and development of the manufacturing industry still faces some difficulties. The next step is to focus on promoting the implementation and effectiveness of the policies and measures that have been introduced, and further consolidate the sustained rebound and positive trend of the economy. (New News Agency)
Edit：Hu Sen Ming Responsible editor：Li Yi
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