In February 2020, China'S Manufacturing Purchasing Managers Index (PMI) Was 35.7%.

In February 2020, the purchasing managers index of China was significantly reduced by the impact of the new crown pneumonia epidemic. However, with the Central Committee and the State Council coordinating the epidemic prevention and control and economic and social development, the recovery rate of enterprises has been rising faster, and the production and business activities are recovering orderly. As of February 25th, the total number of large and medium-sized enterprises in the national survey of purchasing managers was 78.9%, of which 85.6% were large and medium-sized manufacturing enterprises.

Operation of purchasing managers index of China's manufacturing industry

In February 2020, China's Manufacturing Purchasing Managers Index (PMI) was 35.7%, down 14.3 percentage points from last month.

From the scale of enterprises, the PMI of large, medium and small enterprises is 36.3%, 35.5% and 34.1%, respectively, down 14.1, 14.6 and 14.5 percentage points from last month.

From the classification index, the 5 classification indices of manufacturing PMI are all below the critical point.

The production index was 27.8%, down 23.5 percentage points from last month, indicating a slowdown in manufacturing activity.

The new order index was 29.3%, down 22.1 percentage points from last month, indicating that the manufacturing market demand fell.

The stock index of raw materials was 33.9%, down 13.2 percentage points from last month, indicating that the main raw material inventory of the manufacturing industry was reduced.

The employment index is 31.8%, down 15.7 percentage points from last month, indicating that the employment level of manufacturing enterprises is lower.

The supplier delivery time index was 32.1%, down 17.8 percentage points from last month, indicating that the delivery time of manufacturing materials suppliers slowed down last month.