China News Service, April 30, according to the National Bureau of Statistics website, 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. In this regard, Zhao Qinghe, senior statistician of the Service Industry Survey Center of the National Bureau of Statistics, pointed out that in April, the manufacturing purchasing manager index fell, the non-manufacturing business activity index was higher than last month, and the comprehensive PMI output index was 53.4%, which was The month-on-month increase of 0.4 percentage points, the production and operation activities of Chinese enterprises continue to resume.

　　The data shows that in April 2020, the manufacturing purchasing managers index and the non-manufacturing business activity index are both above the gloom line, of which the manufacturing purchasing managers index is 50.8%, down 1.2 percentage points from the previous month; non-manufacturing business activities The index was 53.2%, an increase of 0.9 percentage points from the previous month, of which the construction and service industries were 59.7% and 52.1%, an increase of 4.6 and 0.3 percentage points from the previous month; the comprehensive PMI output index was 53.4%, an increase from the previous month 0.4 percentage points. As of April 25, among the national purchasing managers surveyed enterprises, the resumption rate of large and medium-sized enterprises was 98.5%, an increase of 1.9 percentage points from the March survey results, of which manufacturing was 99.7%, an increase of 1.0 percentage points.

1. The manufacturing purchasing managers index fell back

　　In April, the manufacturing and operating conditions of the manufacturing industry continued to improve from the previous 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 textiles, chemical raw materials and 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 was 53.7%, which was 0.4 percentage points lower than last month, and manufacturing activity continued to recover. From the perspective of labor demand, the employment index is 50.2%, and the labor force of enterprises has increased for two consecutive months. As of April 25, 77.3% of the enterprises in the national manufacturing purchasing managers survey had resumed work, and the recovery rate reached 80% of the normal level, which was 9.4 percentage points higher than the previous month.

　　Second, large, medium and small enterprises have maintained a recovery trend. The PMI of large and medium-sized enterprises was 51.1% and 50.2% respectively, down 1.5 and 1.3 percentage points from the previous month; the PMI of small enterprises was 51.0%, an increase of 0.1 percentage points from the previous month. From the perspective of production activities, the production indices of large, medium and small enterprises were 54.1%, 53.3% and 53.4%, respectively, and production continued to rise.

　　Third, demand recovery is weaker than production. The new order index was 50.2%, down 1.8 percentage points from the previous month, and lower than the production index. Among the 21 industries surveyed, the index of new orders in 15 industries such as textiles, textiles 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 the proportion of companies that reflect insufficient orders is as high as 57.7%, and some companies report that market demand is weak, 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 and global economic activity has contracted sharply. China's foreign trade is facing greater challenges. The new export order index and import index were 33.5% and 43.9%, down 12.9 and 4.5 percentage points from the previous month. Some manufacturing companies reported a sharp decrease in newly signed export orders, and even orders that have already started production have been cancelled.

2. Non-manufacturing business activity index is higher than last month

　　In April, the non-manufacturing business activity index was 53.2%, which was 0.9 percentage points higher than the previous month, in which construction and service industries both rose to varying degrees.

　　Construction industry activities accelerated recovery. The construction industry business activity index was 59.7%, an increase of 4.6 percentage points from the previous month, of which the civil engineering construction industry was higher than the overall. From the perspective of labor demand and market expectations, the construction industry employment index and business activity expectation index were 57.1% and 65.4% respectively, up 4.0 and 5.5 percentage points from the previous month. The resumption of production and production has accelerated significantly.

　　The service industry has recovered steadily. The service industry business activity index was 52.1%, an increase of 0.3 percentage points from the previous month. Driven by policies that promote the resumption of business and production, the resumption of business and the resumption of the market, the expansion of residents' consumption and the increase of public consumption, the business activities of most industries in the service industry have steadily resumed. Among the 21 industries surveyed, 14 industries had a business activity index higher than 50.0%. Among them, the retail business activity index, which is closely related to the basic life of residents, has been above 60.0% for two consecutive months, and corporate business activities have recovered faster; recently, catering consumption activities in various regions have 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 increased significantly, and the new kinetic energy has further helped China's 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. The industries such as accommodation, culture, sports, entertainment, and resident services have been greatly affected by the epidemic. The business activity index has been below 45.0% for three consecutive months. The production and operation of related enterprises are more difficult.

3. The comprehensive PMI output index rebounded slightly

　　In April, the comprehensive PMI output index was 53.4%, an increase of 0.4 percentage points from the previous month, and the production and operation activities of Chinese enterprises continued to resume. The manufacturing production index and the non-manufacturing business activity index, which constitute the comprehensive PMI output index, were 53.7% and 53.2%, respectively, a decrease from the previous month and a rise.