The largest increase since the beginning of this year, the SME Development Index rose 0.3 points to 89 in October
2024-11-12
On November 11th, the China Association of Small and Medium sized Enterprises released data showing that the development index of small and medium-sized enterprises in October was 89, an increase of 0.3 points from September, the largest increase this year and the largest increase since March 2023. Ma Bin, Executive Vice President of the China Association of Small and Medium sized Enterprises, stated that recently, in response to new situations and problems in the current economic operation, the Party Central Committee has made scientific decisions, effectively implemented existing policies, and vigorously launched a package of incremental policies to promote economic recovery and improvement. From the survey of small and medium-sized enterprises, it can be seen that confidence expectations and market demand have significantly improved, driving multiple indicators to steadily improve. The prosperity of small and medium-sized enterprises has achieved a comprehensive recovery trend at the beginning of the fourth quarter. The overall operating rate of enterprises has increased. According to a survey on the operating rate of sample enterprises, in October, 40.2% of enterprises were fully operating, an increase of 4.4 percentage points from September; 14.2% of the projects had a construction rate between 75% and 100%, an increase of 1.4 percentage points from September; The proportion of those with operating rates between 50% and 75% is 20.7%, a decrease of 1.1 percentage points from September; 17.4% of the projects have an operating rate of less than 50%, a decrease of 2.2 percentage points from September; Unstarted construction accounted for 7.6%, a decrease of 2.6 percentage points from September. From the perspective of sub indices, in October, the macroeconomic perception index, cost index, labor force index, input index, and efficiency index turned from a decline to an increase, rising by 0.6 points, 0.5 points, 0.3 points, 0.4 points, and 0.2 points respectively compared to September. The comprehensive operating index and fund index have turned from flat to rising, with an increase of 0.5 points and 0.2 points respectively compared to September. The market index continues to rise, up 0.3 points from September. The production and operation of small and medium-sized enterprises have improved, and the level of prosperity has significantly rebounded. The sub indices have all risen, marking the second occurrence since March this year. The industry index has increased by 6 and decreased by 2. In October, the industrial, construction, transportation, real estate, social services, and accommodation and catering industries all saw an increase. The industrial index continues its upward trend, rising by 0.3 points compared to September. The construction industry, transportation industry, real estate industry, social service industry, and accommodation and catering industry have turned from decline to increase, with increases of 0.2 points, 0.6 points, 0.5 points, 0.7 points, and 0.2 points respectively compared to September. The wholesale and retail industry, as well as the information transmission software industry index, have shifted from an upward trend to a downward trend, with a decrease of 0.1 points and 0.3 points compared to September. The regional index has risen comprehensively. In October, the development index of small and medium-sized enterprises in the eastern, central, western, and northeastern regions was 89.9, 89.7, 88.0, and 81.2, respectively, up 0.4 points, 0.2 points, 0.6 points, and 0.9 points from September. Zhou Maohua, a macro researcher at the Financial Market Department of Everbright Bank, told reporters that the development index of small and medium-sized enterprises improved in October. From the perspective of sub indicators, the market demand for small and medium-sized enterprises is gradually recovering, and the prosperity of industries is increasing. From the trend perspective, the domestic macro policies have released their effects, the consumption recovery momentum has increased, the real estate industry has stabilized, and coupled with the continued reduction of burden for small and medium-sized enterprises by domestic fiscal, financial, and industrial policies, the business environment has been continuously optimized, and the operating conditions of small and medium-sized enterprises are expected to continue to improve. Ma Bin stated that in the next step, we will adhere to promoting the coordination of aggregate policies, industrial policies, and reform policies, creating better market space and development opportunities for business entities, continuing the upward trend, and creating favorable conditions for striving to achieve the annual target tasks. (New Society)
Edit：Yao jue Responsible editor：Xie Tunan
Source：Securities Daily
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