Abstract National Bureau of Statistics March 31 released data show that in March China's manufacturing purchasing managers index (PMI) was 51.8%, rising for two consecutive months, 0.2 percentage points higher than last month, in a row in June in more than 51% expansion Interval. "...
According to data released by the National Bureau of Statistics on March 31, the China Manufacturing Purchasing Managers Index (PMI) was 51.8% in March, rising for two consecutive months, up from 0.2 percentage points in the previous month, and in the continuous expansion range of 51% in June. . “The manufacturing industry has continued to maintain a stable and good trend.†Zhao Qinghe, senior statistician of the Service Industry Research Center of the National Bureau of Statistics, said that the first is the accelerated growth of production and market demand. The production index and the new order index were 54.2% and 53.3%, up 0.5 and 0.3 percentage points respectively from the previous month. Second, the high-tech manufacturing industry continued to expand rapidly, and the production and operation of some traditional industries continued to improve. The high-tech manufacturing PMI was 54.2%, which was 2.4 percentage points higher than the manufacturing industry. Third, the import and export continued to expand. Fourth, the rise in raw material prices has slowed down. The main raw material purchase price index and ex-factory price index were 59.3% and 53.2%, down 4.9 and 3.1 percentage points respectively from the previous month.
Lian Ping, chief economist of the Bank of Communications, pointed out that the five sub-indices rose by three liters and two, and the overall expansion momentum increased. Above the glory line, there are three production indexes, new order index and supplier delivery time index, which are 54.2%, 53.3%, and 50.3% respectively; this month, there are three production indexes, new order index and employee index. The raw material inventory index fell by 0.3 percentage points to 48.3%. The inventory of major raw materials in the manufacturing industry continued to decline. The production recovery caused consumption of raw materials, and the further decline in raw material inventory may increase the import demand for primary products. It is worth noting that the Practitioners Index has returned to the level of honor and dryness for the first time since June 2012.
In terms of the size of the enterprise, the PMI of large enterprises was 53.3%, which was the same as that of the previous month and continued to maintain a stable expansion. The medium-sized enterprise PMI was 50.4%, which was 0.1 percentage points lower than the previous month, and continued to expand; the small enterprise PMI was 48.6%. The monthly increase was 2.2 percentage points, and the contraction rate narrowed significantly.
Zhao Qinghe said that from the survey results, the proportion of enterprises that reported financial strains rebounded to 41.1% in the month, especially as small businesses improved their business conditions, and more than 50% of enterprises reported that financing is difficult to raise. In addition, the main raw material purchase price index and ex-factory price index of ferrous metal smelting and rolling processing industry continued to rise at a high level of 68.9% and 73.5%, respectively, and the ex-factory price index was higher than the main raw material purchase price index for two consecutive months, which deserves further attention.
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