Bureau of Statistics: China's manufacturing PMI was 49.8% in September
Filters,Analyse Test Cuvette,Analyse Quartz Cuvette,Cuvette & Flat Plate Yixing Jingke Optical Instruments Co.,Ltd. , https://www.jkgxcn.com
April 09 15:19:16, 2023
According to data released by the National Bureau of Statistics and the China Federation of Logistics and Purchasing on October 1, the China Manufacturing Purchasing Managers Index (PMI) was 49.8% in September, up 0.6 percentage points from the previous month, close to the critical point, and was 5 in 2012. For the first time since the month, it has rebounded for the first time in four months. In the same month, the five sub-indexes that make up the manufacturing PMI fell by 3 liters. From the perspective of 11 sub-indices, only the finished goods inventory index, the employee index, and the supplier delivery time index decreased slightly, and the remaining indexes rebounded to varying degrees. In particular, the main leading index such as the new order index and the raw material inventory index rebounded markedly, indicating that the effect of the policy measures of the country's steady growth gradually appeared, and the economic operation gradually stabilized and stabilized, laying a good foundation for the stable economic growth in the fourth quarter. In terms of industries, 8 industries including agricultural and sideline food processing, textile and apparel, food and beverage refined tea manufacturing, and tobacco products are higher than 50%; electrical machinery and equipment manufacturing, general equipment manufacturing, and non-metal The mineral industry, ferrous metal smelting and rolling processing industry, textile industry and other 13 industries are less than 50%. Special analyst Zhang Liqun said: "The PMI index rebounded in September, indicating that the signs of economic bottoming tend to be obvious. The new orders index rebounded, reflecting the stabilization of domestic investment and consumer demand growth; the new export orders index rebounded and the pre-show began to recover. The finished goods inventory index continued to decrease, and the raw material purchasing index rebounded, indicating that the enterprise's destocking activities basically ended. The rebound in the production index indicates that the production has begun to recover due to the increase in orders. Comprehensive analysis, the economic growth rate begins to change, and the future economic growth is expected. In concrete terms, the production index is 51.3%, up 0.4 percentage points from the previous month, above the critical point, indicating that manufacturing production continues to grow and the growth rate is slightly accelerated. From the industry situation, the production of tobacco products industry, textile and apparel industry, agricultural and sideline food processing industry, computer communication electronic equipment and instrumentation manufacturing industry maintained growth; the production index of ferrous metal smelting and rolling processing industry was at the critical point. Below, production has shown a downward trend. The new order index was 49.8%, up 1.1 percentage points from the previous month, close to the critical point. It is the main driving force for the rebound of PMI this month, indicating that the decline in the order quantity of products from customers in the manufacturing industry has narrowed significantly. The new export orders index and import index, which reflect the foreign trade situation of the manufacturing industry, were 48.8% and 47.7%, respectively, up 2.2 and 0.7 percentage points from the previous month, indicating that both the export volume of manufactured products and the decline in raw material imports have shrunk. The raw material inventory index was 47.0%, up 1.9 percentage points from the previous month and below the critical point, indicating that the raw material inventory of the manufacturing industry continued to decrease, but the decline was significantly narrowed. The finished goods inventory index was 47.9%, down 0.3 percentage points from the previous month. The employee index was 48.9%, down 0.2 percentage points from the previous month, and was below the critical point for four consecutive months, indicating that the manufacturing industry's employment continued to decrease. From the perspective of the industry, the industry employees' index of agricultural and sideline food processing industry, tobacco products industry, computer communication electronic equipment and instrumentation manufacturing industry is above the critical point, and the employment of enterprises is increasing; metal products industry, automobile manufacturing industry, special equipment manufacturing The industry's employees' index is lower than the critical point, and the company's employment is reduced. The purchase price index of major raw materials was 51.0%, a sharp increase of 4.9 percentage points from the previous month. After falling below the critical point for four consecutive months, it returned to more than 50% this month, indicating that the overall purchase price of major raw materials in the manufacturing industry was As the price goes up, the cost of purchasing raw materials for enterprises has increased.