National Bureau of Statistics: Manufacturing PMI was 50 in April.8%

National Bureau of Statistics: Manufacturing PMI was 50 in April.8%
Sauna Night News is reported to be the website of the National Bureau of Statistics. On April 30, 2020, the Service Survey Center of the National Bureau of Statistics and China Federation of Logistics and Purchasing released the China Purchasing Managers Index.Carried out, Zhao Qinghe, senior statistician of the Service Industry Survey Center of the National Bureau of Statistics, explained.In April 2020, the manufacturing purchasing managers index and the non-manufacturing business activity index were both above the gloom line, and the manufacturing purchasing managers index was 50.8%, down 1 from last month.2 units; non-manufacturing business activity index is 53.2%, up by 0 from last month.9 buildings, of which the construction industry and service industry are 59 respectively.7% and 52.1%, an increase of 4 from last month.6 and 0.3 samples; the comprehensive PMI forecast index is 53.4%, up by 0 from last month.4 averages.As of April 25, among the national purchasing managers surveyed enterprises, 98 large and medium-sized enterprises resumed work.5%, an increase of 1 from the previous survey results in March.9 copies, including 99 for manufacturing.7%, up 1.0 averages.First, the manufacturing purchasing managers’ index fell back by 4 months. The manufacturing production and operating conditions continued to improve from last month, but the expansion efforts have weakened.Among the 21 industries surveyed, the PMI index of 9 industries such as refined tea, automobile manufacturing, and petroleum processing in food and wine and beverages was higher than last month, and the PMI index of 12 industries such as textile, chemical raw materials, papermaking and printing was lower than last month.Main features of this month: First, the resumption of production and production continued to advance.The production index is 53.7%, lower than 0 last month.At four levels, manufacturing production activities continue to maintain the momentum of recovery.From the perspective of labor demand, the employment index is 50.2%, the enterprise’s labor force increased for two consecutive months.As of April 25, the National Survey of Manufacturing Purchasing Managers has resumed work, 77.3% of enterprises have gradually recovered more than 80% of their normal levels, up from 9 last month.4 averages.Second, large, medium and small enterprises have maintained a recovery trend.The PMI of large and medium-sized enterprises is 51 respectively.1% and 50.2%, down 1 from last month.5 and 1.3 single; PMI of small business is 51.0%, an increase of 0 from the previous month.1 average.From the perspective of production activities, the production index of large, medium and small enterprises is 54 respectively.1%, 53.3% and 53.4%, production continues to pick up.Third, demand recovery is weaker than production.The new order index is 50.2%, down 1 from last month.8 averages, lower than the production index.Among the 21 industries surveyed, the new orders index of 15 industries such as textile, textile and apparel, chemical raw materials and products was lower than the production index, and the industry demand recovery lags behind production.The survey results show that 57% of the companies reflect the lack of orders.7%, some companies report weak market demand, product sales are facing difficulties, and order replenishment will take time.Fourth, the uncertainty in the import and export market has increased.The spread of foreign epidemics has accelerated, global economic activity has shrunk and contracted, and domestic foreign trade has faced challenges.The new export order index and import index were 33.5% and 43.9%, down 12 from last month.9 and 4.5 averages.Some manufacturing companies have reported a sharp drop in new high-frequency export orders, and even orders that have already started production have been cancelled.Second, the non-manufacturing business activity index was higher than last April, and the non-manufacturing business activity index was 53.2%, higher than 0 last month.Nine buildings, of which the construction and service industries have risen to varying degrees.Construction industry activities accelerated recovery.The construction industry business activity index was 59.7%, an increase of 4 from last month.6 in one, of which the civil engineering construction industry is higher than the overall.From the perspective of labor demand and market expectations, the construction industry employment index and business activity expectation index were 57 respectively.1% and 65.4%, up 4 from last month.0 and 5.In five subdivisions, under the promotion of policies such as the recovery of traditional infrastructure and the acceleration of new infrastructure, the resumption of production and production in the construction industry has accelerated significantly.The service industry has recovered steadily.The service activity index of the service industry was 52.1%, an increase of 0 from the previous month.3 averages.Driven by policies that promote the resumption of production and production, the resumption of business, the expansion of residents’ consumption, and the increase in public consumption, a large number of business activities in the service industry have steadily recovered.Among the 21 industries surveyed, 14 industries had a business activity index over 50.0%.Among them, the retail business activity index, which is closely related to the basic life of residents, was placed at 60 for two consecutive months.Above 0%, the business activities of the enterprises resumed faster; the catering consumption activities in various regions have recently restarted, the catering industry has rebounded significantly from last month, and the business activity index has risen to 60.0% or more; the business activity index of information transmission software and technical services has risen significantly, and new kinetic energy has further helped to gradually realize economic recovery and consumption growth.Although the business activity index of the service industry has rebounded for two consecutive months, the resumption of production and production in some industries is still lagging behind.Substitutions, culture, sports and entertainment, residential services and other industries were affected by the epidemic. The business activity index was placed at 45 for three consecutive months.Below 0%, the production and operation of related enterprises are more difficult.Third, the composite PMI index rebounded slightly in April, the composite PMI index was 53.4%, up by 0 from last month.At the four levels, the previous enterprise production and operation activities continued to resume.The manufacturing production index and the non-manufacturing business activity index, which constitute the comprehensive PMI income index, were 53 respectively.7% and 53.2%, a decrease from the previous month and a liter.Editor Jia Congcong Source: National Bureau of Statistics