Cctv newsRecently, the Service Industry Research Center of the National Bureau of Statistics and China Federation of Logistics and Purchasing released the Operation of Purchasing Managers Index of China in September 2022.
I. Operation of Purchasing Managers Index of China Manufacturing Industry
In September, the purchasing managers’ index (PMI) of manufacturing industry was 50.1%, up 0.7 percentage points from the previous month, and rose to the expansion range.
From the perspective of enterprise scale, the PMI of large enterprises was 51.1%, up 0.6 percentage points from last month and above the critical point; The PMI of small and medium-sized enterprises was 49.7% and 48.3% respectively, up 0.8 and 0.7 percentage points from last month, still below the critical point.
From the classification index, among the five classification indexes that constitute the manufacturing PMI, 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 last month and above the critical point, indicating that the manufacturing production has expanded.
The new order index was 49.8%, up 0.6 percentage points from last month, indicating that the demand boom in the manufacturing market continued to improve.
The raw material inventory index was 47.6%, down 0.4 percentage points from last month, indicating that the inventory of major raw materials in manufacturing industry decreased from last month.
The employee index was 49.0%, up by 0.1 percentage point from last month, indicating that the employment boom of manufacturing enterprises picked up slightly.
The delivery time index of suppliers was 48.7%, down 0.8 percentage points from last month, indicating that the delivery time of raw material suppliers in manufacturing industry was longer than last month.
II. Operation of Purchasing Managers Index for Non-manufacturing Industries in China
In September, the business activity index of non-manufacturing industry was 50.6%, down 2.0 percentage points from last month, still in the expansion range, and the expansion of non-manufacturing industry slowed down.
By industry, the business activity index of the construction industry was 60.2%, up 3.7 percentage points from last month. The business activity index of service industry was 48.9%, down 3.0 percentage points from last month. From the perspective of the industry, the business activity index of postal services, telecommunications, radio and television, satellite transmission services, monetary and financial services and other industries is located in the high boom zone of more than 60.0%; The business activity index of retail, air transport, accommodation, catering, resident service and other industries is lower than 45.0%.
The new order index was 43.1%, down 6.7 percentage points from last month and below the critical point, indicating that the demand in the non-manufacturing market continued to slow down. In terms of industries, the new order index of the construction industry was 51.8%, down 1.6 percentage points from last month; The new order index of service industry was 41.6%, down 7.6 percentage points from last month.
The input price index was 50.0%, which was the same as last month and was at a critical point, indicating that the overall level of input prices used by non-manufacturing enterprises for business activities was the same as last month. In terms of industries, the price index of construction inputs was 52.4%, down 1.0 percentage points from last month; The price index of service industry inputs was 49.6%, up 0.2 percentage points from last month.
The sales price index was 48.2%, up 0.6 percentage points from last month, still below the critical point, indicating that the overall decline in sales prices of non-manufacturing industries continued to narrow. In terms of industries, the sales price index of the construction industry was 52.0%, up 0.6 percentage points from last month; The sales price index of service industry was 47.5%, up 0.6 percentage points from last month.
The employee index was 46.6%, down 0.2 percentage points from last month, indicating that the employment boom of non-manufacturing enterprises declined. In terms of industries, the index of employees in the construction industry was 48.3%, up 0.6 percentage points from last month; The index of service industry employees was 46.3%, down 0.4 percentage points from last month.
The expected index of business activities was 57.1%, down 1.3 percentage points from last month, and remained above the critical point, indicating that non-manufacturing enterprises maintained confidence in the recent market recovery and development. In terms of industries, the expected index of construction business activities was 62.7%, down 0.2 percentage points from last month; The expected index of service business activities was 56.1%, down 1.5 percentage points from last month.
Third, the operation of China’s comprehensive PMI 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 production and operation activities of Chinese enterprises continued to expand overall, but the pace of expansion slowed down.
