China's manufacturing PMI rebounded sharply in Oct

China's manufacturing PMI rose sharply in October. The Bureau of Statistics said that market demand picked up

China's manufacturing PMI rose sharply in October. The Bureau of Statistics said that market demand picked up

China Construction machinery information

according to the National Bureau of statistics released today, in October, China's Manufacturing Purchasing Managers' index (PMI) was 51.2%, up 0.8 percentage points from the previous month, significantly rising above the critical point; The non manufacturing business activity index was 54.0%, up 0.3 percentage points from the previous month, the highest since this year

China's manufacturing PMI rebounded sharply in October, and the Bureau of Statistics: market demand picked up

Zhao Qinghe, Senior Statistician of the service industry survey center of the National Bureau of statistics, interpreted this

I. the purchasing manager index of manufacturing industry increased significantly

in October, the PMI of manufacturing industry was 51.2%, up 0.8 percentage points from the previous month, with a large increase

first, production and market demand have warmed up, and expansion has accelerated. The production index and the new order index were 53.3% and 52.8% respectively, up 0.5 and 1.9 percentage points from the previous month, both of which were the highs since this year

second, the new kinetic energy accelerates to gather, and the structure continues to be optimized. The PMI of high-tech manufacturing industry and equipment manufacturing industry were 53.7% and 52.3% respectively, an increase of 1.3 and 0.4 percentage points over the previous month, both of which were new highs in the past year. Among them, the PMI of pharmaceutical manufacturing, automobile manufacturing, electrical and mechanical equipment manufacturing, computer communication and other electronic equipment manufacturing industries are all above 52.0%

third, the supply side reform has made positive progress, and the production and operation conditions of some traditional industries have improved. Recently, positive changes have taken place in the market supply-demand relationship. The production indexes of traditional industries such as chemical raw materials and chemical products manufacturing, ferrous metal smelting and rolling processing, non-ferrous metal smelting and rolling processing are higher than last month and in the expansion range

fourth, prices continue to rise, further stimulating production for the building materials industry. Affected by the reduction of production capacity and inventory and the recovery of some commodity prices, the price of raw materials has continued to rise recently. The purchase price index of raw materials was 62.6%, a sharp increase of 5.1 percentage points over the previous month, and the benefits of relevant enterprises have improved

fifth, the enterprise is expected to continue to improve. The expected index of production and operation activities was 58.5%, 0.1 percentage points higher than that of the previous month, rising for four consecutive months, and market confidence has increased

however, it should also be noted that enterprises still face certain difficulties in production and operation. First, due to the sluggish global economic recovery, the import and export situation is still grim. The new export order index and import index were 49.2% and 49.9% respectively, both below the critical point. Second, the proportion of enterprises that reflect the shortage of funds and insufficient market demand is still more than 40%, especially the situation of small and medium-sized enterprises that reflect the shortage of funds is still aggravated. Third, although the PMI of small and medium-sized enterprises has rebounded significantly, it is still below the critical point. According to the size of enterprises, the PMI of large enterprises was 52.5%, a slight decrease of 0.1 percentage points from the previous month, still the second highest point of this year, and the trend was stable; The PMI of small and medium-sized enterprises was 49.9% and 48.3% respectively, 1.7 and 2.2 percentage points higher than that of the previous month, and the contraction range was significantly narrowed

Second, the non manufacturing business activity index continued to rise

in October, China's non manufacturing business activity index was 54.0%, up 0.3 percentage points from the previous month, which is the highest point since this year and has continued a good development momentum

the service industry has made steady progress, and the business activity index has increased slightly. The business activity index was 52.6%, up 0.3 percentage points from the previous month, basically flat with the average value of the third quarter, and the trend was generally stable. With the recovery of manufacturing production and market demand, producer services business activities are more active, with the business activity index of 55.5%, 3.4 percentage points higher than last month. Driven by the "National Day Golden Week", the railway transportation, air transportation, postal services, telecommunications, radio and television, satellite transmission services and mutual inspection index, which are closely related to residents' consumption, refers to whether the business activity index of the industries such as zero link and software information technology services, tourism and so on, is in a high boom range of more than 55.0%, and the total business volume is growing rapidly. At the same time, the business activity index of water transportation, securities, real estate, residential services and repair industries is below the critical point, and the total business volume has declined

the outlook of the construction industry continues to be high. With the rapid growth of infrastructure investment and new projects compared with the use requirements of the experimental machine, the market demand of the construction industry continues to release, and the production continues to maintain rapid growth. The business activity index was 61.8%, down 0.1 percentage points from the previous month, and remained in the high boom range. Among them, the business activity index of civil engineering construction industry was 64.1%, 2.3 percentage points higher than that of the previous month. The employment index of the construction industry was 53.9%, up 1.7 percentage points from the previous month, rising for two consecutive months