China Manufacturing Purchasing Managers Index has rebounded for three consecutive months | Service Industry Survey Center | Procurement
CCTV News: The China Federation of Logistics and Purchasing and the Service Industry Survey Center of the National Bureau of Statistics released the China Purchasing Managers Index for August today. The Purchasing Managers Index of the manufacturing industry has rebounded month on month for three consecutive months, further consolidating the momentum of economic recovery.
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 recovery. Among the 21 industries surveyed, 12 of them saw a month on month rebound in the Purchasing Managers Index, and the manufacturing industry's prosperity level further improved.
With the further efforts of various policies to stabilize the economy and expand domestic demand, the demand in the manufacturing market is steadily increasing. The new order index for August was 50.2%, an increase of 0.7 percentage points from the previous month, and it rose to the expansion range for the first time since April.
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From the perspective of price index, with the recent rise in prices of some commodities and the acceleration of corporate procurement activities, the overall level of manufacturing market prices has rebounded, and the linkage between raw material purchase prices and factory prices has increased, which helps to improve the profit situation of enterprises.
From the perspective of enterprise types, the purchasing manager index of large, medium, and small enterprises has all rebounded. Among them, the Purchasing Managers Index of large enterprises has been in the expansion range for three consecutive months, with a stable and rising economic level. The prosperity level of small and medium-sized enterprises continues to improve.
In addition, from the perspective of enterprise market expectations, the expected index of production and operation activities in August was 55.6%, an increase of 0.5 percentage points from the previous month, and it has been operating in a high economic range of over 55% for two consecutive months.
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