National Bureau Of Statistics: China Purchasing Managers Index (PMI) Was 50.1% In September

1、 Operation of purchasing manager index in China's manufacturing industry

The purchasing index rose to 1.0% in the previous month, rising to 1.0% from the previous month.

From the perspective of enterprise scale, the PMI of large enterprises was 51.1%, 0.6% higher than the previous month, higher than the critical point; The PMI of small and medium-sized enterprises were 49.7% and 48.3% respectively, up 0.8% and 0.7% over the previous month, still below the critical point.

From the perspective of the sub index, the production index is higher than the critical point, while the new order index, raw material inventory index, employee index and supplier delivery time index are all lower than the critical point.

The production index was 51.5%, up 1.7 percentage points from the previous month, and rose above the critical point, indicating the expansion of manufacturing production.

The index of new orders was 49.8%, up 0.6% from the previous month, indicating that the demand boom of the manufacturing market continued to improve.

The inventory index of raw materials was 47.6%, down 0.4% from the previous month, indicating that the inventory of major raw materials in the manufacturing industry decreased compared with the previous month.

The employment index was 49.0%, up 0.1% from the previous month, indicating that the employment situation of manufacturing enterprises has slightly recovered.

The supplier delivery time index was 48.7%, down 0.8% from the previous month, indicating that the delivery time of raw material suppliers in the manufacturing industry has been prolonged compared with the previous month.

2、 China's non Manufacturing Purchasing Manager Index

In September, the non manufacturing business activity index was 50.6%, down 2.0 percentage points from the previous month, still in the expansion range, and the expansion of non manufacturing industry slowed down.

In terms of industries, the business activity index of the construction industry was 60.2%, up 3.7 percentage points over the previous month. The business activity index of the service industry was 48.9%, down 3.0 percentage points from the previous month. From the perspective of the industry, the business activity index of post, telecommunication, radio and television, satellite transmission services, monetary and financial services and other industries is in the high prosperity range of more than 60.0%; The business activity index of retail, air transport, accommodation, catering, residential services and other industries was lower than 45.0%.

The index of new orders was 43.1%, down 6.7 percentage points from the previous month, lower than the critical point, indicating that the non manufacturing market demand continued to slow down. The number of orders in the construction industry dropped by 6.51% compared with the previous month; The index of new orders in the service sector was 41.6%, down 7.6 percentage points from the previous month.

The input price index was 50.0%, which was the same as that of the previous month, which was at the critical point, indicating that the overall level of input prices used by non manufacturing enterprises in operating activities was the same as that of last month. In terms of industries, the price index of construction inputs was 52.4%, 1.0 percentage points lower than the previous month; 2% higher than that of the service industry.

The sales price index was 48.2%, up 0.6 percentage points from the previous month, still below the critical point, indicating that the overall level of non manufacturing sales prices continued to narrow. In terms of industries, the sales price index of the construction industry was 52.0%, up 0.6 percentage points over the previous month; The sales price index of the service industry was 47.5%, up 0.6 percentage points over the previous month.

The employment index was 46.6%, down 0.2% from the previous month, indicating that the employment situation of non manufacturing enterprises has declined. In terms of industries, the construction industry employee index was 48.3%, up 0.6 percentage points from the previous month; The service sector employment index was 46.3%, down 0.4 percentage points from the previous month.

The expected index of business activities was 57.1%, down 1.3 percentage points from the previous month, and continued to be higher than the critical point, indicating that non manufacturing enterprises maintain confidence in the recovery and development of the market in the near future. In terms of industries, the expected index of business activities in the construction industry was 62.7%, down 0.2 percentage points from the previous month; The expected service business activity index was 56.1%, down 1.5 percentage points from the previous month.

3、 China comprehensive PMI Operation of output index

In September, the comprehensive PMI output index was 50.9%, down 0.8 percentage points from the previous month, still higher than the critical point, indicating that the overall production and operation activities of Chinese enterprises continue to expand, but the pace of expansion has slowed down.