In November 2019, China'S Manufacturing Purchasing Managers Index (PMI) Was 50.2%.

　　 1. Operation of purchasing managers index of China's manufacturing industry

In November 2019, China's Manufacturing Purchasing Managers Index (PMI) was 50.2%, an increase of 0.9 percentage points from last month.

From the scale of enterprises, the PMI of large enterprises was 50.9%, an increase of 1 percentage points from last month; the PMI of medium-sized enterprises was 49.5%, 0.5 percentage points higher than that of last month; PMI of small enterprises was 49.4%, 1.5 percentage points higher than that of last month.

According to the classification index, the production index, the new order index and the supplier delivery time index are higher than the critical point in the 5 classification indices of manufacturing PMI, and the raw material inventory index and the employment index are below the critical point.

Production index was 52.6%, an increase of 1.8 percentage points from last month, which is higher than the critical point, indicating that the expansion of manufacturing enterprises' production is accelerating.

The new order index was 51.3%, up 1.7 percentage points from last month, returning to the critical point, indicating that the manufacturing market demand increased.

The stock index of raw materials was 47.8%, up 0.4 percentage points from last month, which is below the critical point, indicating that the main raw material inventory of manufacturing industry has narrowed down.

The employment index is 47.3%, although it is located below the critical point, but it was unchanged from last month, indicating that manufacturing enterprises have little change in employment.

The supplier delivery time index was 50.5%, an increase of 0.4 percentage points from last month, which is above the critical point, indicating that the delivery time of manufacturing material suppliers is accelerating.

　　 Two. Operation of China's non Manufacturing Purchasing Managers Index

In November 2019, the index of non manufacturing business activity was 54.4%, an increase of 1.6 percentage points from last month, indicating that the non manufacturing industry continued to maintain growth and accelerated growth.

According to the industry, the business activity index of the service industry is 53.5%, higher than the 2.1 percentage point of last month, and the service industry is booming. In terms of industry, business activities index of postal industry, accommodation industry, telecommunications broadcasting and television and satellite transmission services, monetary and financial services, capital market services, insurance industry and other industries are located in the high economic zone of 58%, and the total volume of business is growing rapidly. The index of business activity in railway transportation, road transportation, catering and real estate industries is located in the contraction area. Construction business activity index was 59.6%, down 0.8 percentage points from last month, located in the higher boom range.

The new order index was 51.3%, an increase of 1.9 percentage points from last month and a return to the expansion area, indicating an increase in demand for non manufacturing industries. According to the industry, the new order index of the service sector was 50.5%, an increase of 2.1 percentage points from last month, and the construction industry new orders index was 56%, up 1.2 percentage points from last month.

The price index of input products was 53.2%, up 1.9 percentage points from last month, indicating that the overall level of input prices of non manufacturing enterprises for business activities increased. According to the industry, the price index of the service industry input is 52.6%, up 1.7 percentage points from last month, and the construction industry input price index is 56.3%, higher than the 3.2 percentage point of last month.

The sales price index was 51.3%, up 2.4 percentage points from last month, which is above the critical point, indicating that the overall sales level of non manufacturing industry is rising. According to the industry, the sales price index of the service sector was 51.1%, up 2.7 percentage points from last month, and the construction industry sales price index was 52.6%, higher than the 0.4 percentage point of last month.

The employment index was 49%, a 0.8 percentage point rise from last month, indicating that the non manufacturing enterprises were recovering from their work. According to the industry, the index of service industry employees was 47.8%, a slight increase of 0.2 percentage points from last month, and the construction industry employment index was 55.5%, an increase of 3.7 percentage points from last month.

Business activity expectations index was 61%, higher than last month's 0.3 percentage points, located in the high economic zone, indicating that non manufacturing enterprises to enhance confidence in the future market development. According to the industry, the service sector business activity index is 60.6%, an increase of 0.3 percentage points from last month, and the construction industry activity activity index is 63.1%, a slight 0.1 percentage point drop from last month.

　　 Three. Operation of China's comprehensive PMI output index

In November 2019, the composite PMI output index was 53.7%, an increase of 1.7 percentage points from last month, indicating that the pace of expansion of China's enterprises is accelerating.