On August 31st, the China Federation of Logistics and Purchasing and the Service Industry Survey Center of the National Bureau of Statistics released the China Manufacturing Industry Managers' Index for August today (31st). The purchasing managers' index of China's manufacturing industry in August was 49.7%, an increase of 0.4 percentage points from the previous month, marking the third consecutive month of increase. Among the 21 industries surveyed, 12 showed a month on month increase in the purchasing manager index, and the level of manufacturing industry prosperity further improved.
1、 Operation of China's Manufacturing Purchasing Manager Index
In August, the Purchasing Managers' Index (PMI) of the manufacturing industry was 49.7%, an increase of 0.4 percentage points from the previous month, further improving the level of the manufacturing industry's prosperity.
From the perspective of enterprise scale, the PMI of large, medium, and small enterprises was 50.8%, 49.6%, and 47.7%, respectively, an increase of 0.5, 0.6, and 0.3 percentage points compared to the previous month.
From the perspective of sub indices, among the five sub indices that make up the manufacturing PMI, the production index, new order index, and supplier delivery time index are above the critical point, while the raw material inventory index and employee index are below the critical point.
The production index was 51.9%, an increase of 1.7 percentage points from the previous month, indicating an increase in the expansion of manufacturing production.
The new order index was 50.2%, an increase of 0.7 percentage points from the previous month, indicating an improvement in demand in the manufacturing market.
The raw material inventory index was 48.4%, an increase of 0.2 percentage points from the previous month, indicating that the decline in the inventory of major raw materials in the manufacturing industry continues to narrow.
The employee index was 48.0%, a slight decrease of 0.1 percentage points compared to the previous month, indicating that the employment prospects of manufacturing enterprises are basically stable.
The supplier delivery time index was 51.6%, an increase of 1.1 percentage points from the previous month, indicating an acceleration in delivery time for raw material suppliers in the manufacturing industry.
Post time: Aug-31-2023
