In August, The PMI Of Manufacturing Industry Was 51.0%, Which Remained Above The Critical Point For Six Consecutive Months

In August, all localities actively implemented the decision-making and deployment of the CPC Central Committee, adhered to the new development concept and the general keynote of seeking progress while maintaining stability, and coordinated the epidemic prevention and control and economic and social development, and achieved remarkable results, and China's economic prosperity continued to recover.

According to the latest data from the National Bureau of statistics, the purchasing manager index (PMI) of China's manufacturing industry in August was 51.0%, a slight decrease of 0.1 percentage points compared with the previous month, indicating that the manufacturing industry as a whole is running smoothly. The non manufacturing business activity index and the composite PMI output index were 55.2% and 54.5%, respectively higher than 1.0% and 0.4% of the previous month, and the three major indexes remained above the critical point for six consecutive months.

From the perspective of enterprise scale, the PMI of large enterprises was 52.0%, which was the same as that of the previous month; the PMI of medium-sized enterprises was 51.6%, up 0.4 percentage points over the previous month; and the PMI of small enterprises was 47.7%, down 0.9 percentage points from the previous month. From the perspective of industry, among the 21 industries surveyed, 15 industries have PMI in the boom zone. Among them, the PMI of high-tech manufacturing industry and equipment manufacturing industry were 52.8% and 52.7%, respectively 1.5% and 0.9% higher than that of last month, and 1.8% and 1.7% higher than that of manufacturing industry. New momentum has injected vitality into the recovery of manufacturing industry. From the point of view of the new index and the sub index of raw materials, the sub index of raw materials and the sub index of raw materials are all higher than the sub index of manufacturing time and the sub index of raw materials. The main features are as follows:

The production index was 53.5%, down 0.5% from the previous month, but still above the critical point, reflecting the growth of manufacturing production compared with last month. The difference with the new orders index narrowed to 1.5 percentage points, the lowest since March. It shows that the demand continues to recover and the supply and demand cycle is gradually improved.

The index of new orders was 52.0%, 0.3 percentage points higher than that of the previous month, rising for four consecutive months, indicating that the manufacturing market demand continued to recover. Among them, the index of new export orders was 49.1%, 0.7 percentage points higher than the previous month. It shows that the effect of a series of policies to stabilize foreign trade and foreign investment has been continuously released, and the export of manufacturing industry has been further improved.

The inventory index of raw materials was 47.3%, down 0.6% from the previous month, indicating that the inventory of major raw materials in the manufacturing industry continued to decrease. The purchasing price index and ex factory price index of main raw materials were 58.3% and 53.2%, respectively higher than 0.2% and 1.0% of the previous month. It shows that the market is gradually improving and the price index is rising.

The supplier delivery time index was 50.4%, flat with the previous month, higher than the critical point, indicating that the delivery time of raw material suppliers in the manufacturing industry is still accelerating.

The employment index was 49.4%, a slight increase of 0.1% over the previous month, indicating that the employment situation of manufacturing enterprises is basically stable. This month, the expected index of enterprise production and operation activities was 58.6%, 0.8 percentage points higher than that of the previous month. It shows that business expectation is improved and enterprise confidence is enhanced.

The survey results show that more than 50% and 40% of small enterprises reflect insufficient market demand and lack of funds, and their production and operation are still facing many difficulties. In addition, some enterprises in Chongqing, Sichuan and other places reported that affected by the rainstorm and flood, the purchasing cycle of raw materials was prolonged, the market orders were reduced, and the production of enterprises fell down.