China'S Purchasing Managers' Index Was 49.7% In August

1、 Operation of China's manufacturing PMI

In August, the purchasing managers' index (PMI) of the manufacturing industry was 49.7%, up 0.4 percentage points from the previous month, and the prosperity level of the manufacturing industry was further improved.

From the perspective of enterprise scale, the PMI of large, medium and small enterprises was 50.8%, 49.6% and 47.7% respectively, up 0.5, 0.6 and 0.3 percentage points over the previous month.

From the perspective of sub indexes, among the five sub indexes that constitute the PMI of manufacturing industry, the production index, new order index and supplier delivery time index are higher than the critical point, while the raw material inventory index and employee index are lower than the critical point.

The production index was 51.9%, 1.7 percentage points higher than the previous month, indicating that the expansion of manufacturing production was strengthened.

The index of new orders was 50.2%, up 0.7 percentage points over the previous month, indicating that the market demand of the manufacturing industry has improved.

The raw material inventory index was 48.4%, up 0.2 percentage points over the previous month, indicating that the decline in the inventory of major raw materials in the manufacturing industry continued to narrow.

The employee index was 48.0%, a slight decrease of 0.1 percentage points over the previous month, indicating that the employment landscape of manufacturing enterprises was basically stable.

The supplier delivery time index was 51.6%, up 1.1 percentage points over the previous month, indicating that the delivery time of raw material suppliers in the manufacturing industry was accelerated.

2、 Operation of China's non manufacturing PMI

In August, the non manufacturing business activity index was 51.0%, down 0.5 percentage points from the previous month, still above the critical point, and the non manufacturing industry continued to expand.

By industry, the construction business activity index was 53.8%, 2.6 percentage points higher than the previous month; The business activity index of the service industry was 50.5%, down 1.0 percentage point from the previous month. In terms of industry, the business activity index of railway transportation, air transportation, accommodation, catering, telecommunications, radio and television and satellite transmission services, ecological protection and public facilities management, culture, sports and entertainment and other industries is in a high boom range of more than 55.0%; The business activity index of capital market services, insurance, real estate and other industries is below the critical point.

The index of new orders was 47.5%, 0.6 percentage points lower than that of the previous month, indicating that the prosperity of non manufacturing market demand declined. By industry, the index of new orders in the construction industry was 48.5%, up 2.2 percentage points over the previous month; The index of new orders in the service industry was 47.4%, down 1.0 percentage points from the previous month.

The input price index was 51.7%, up 0.9 percentage points over the previous month, indicating that the overall level of input prices used by non manufacturing enterprises for business activities continued to rise. By industry, the input price index of the construction industry was 48.4%, down 2.3 percentage points from the previous month; The input price index of the service industry was 52.3%, up 1.5 percentage points over the previous month.

The sales price index was 50.0%, 0.3 percentage points higher than that of the previous month, which was at the critical point, indicating that the overall sales price level of the non manufacturing industry was the same as that of the previous month. By industry, the sales price index of the construction industry was 50.4%, down 1.6 percentage points from the previous month; The service industry sales price index was 49.9%, 0.6 percentage points higher than that of last month.

The employment index was 46.8%, up 0.2 percentage points over the previous month, indicating that the employment landscape of non manufacturing enterprises has rebounded. In terms of industries, the construction industry employee index was 44.7%, down 0.5 percentage points from the previous month; The index of service industry employees was 47.2%, up 0.4 percentage points over the previous month.

The expected index of business activities was 58.2%, down 0.8 percentage points from the previous month, which continued to be in a high boom zone, indicating that non manufacturing enterprises remained optimistic about the recent market recovery and development. By industry, the expected index of business activities in the construction industry was 60.3%, down 0.2 percentage points from the previous month; The expected index of business activities in the service industry was 57.8%, down 0.9 percentage points from the previous month.

3、 Operation of China's comprehensive PMI output index

In August, the comprehensive PMI output index was 51.3%, up 0.2 percentage points from the previous month, and remained in the expansion range, indicating that the overall production and operation activities of Chinese enterprises expanded steadily.