China News Service, September 30. The National Bureau of Statistics released on the 30th the operation of China’s Purchasing Managers Index for September 2020. In September, China’s Manufacturing Purchasing Managers Index (PMI) was 51.5%, an increase of 0.5% from the previous month, indicating The manufacturing boom has picked up.
1. Operation of China's Manufacturing Purchasing Managers Index
In September, the Purchasing Managers Index (PMI) of China's manufacturing industry was 51.5%, an increase of 0.5 percentage points from the previous month, indicating that the manufacturing industry has rebounded.
In terms of enterprise scale, the PMI of large enterprises was 52.5%, an increase of 0.5% from the previous month; the PMI of medium-sized enterprises was 50.7%, a decrease of 0.9% from the previous month; the PMI of small enterprises was 50.1%, an increase of 2.4% from the previous month.
In terms of sub-indices, among the five sub-indices that make up the manufacturing PMI, the production index, the new order index and the supplier delivery time index are all above the critical point, and the raw material inventory index and the employee index are below the critical point.
The production index was 54.0%, an increase of 0.5 percentage points from the previous month, indicating that the manufacturing output continued to increase month-on-month.
The new order index was 52.8%, an increase of 0.8 percentage points from the previous month, indicating that the manufacturing market demand continued to rebound.
The raw material inventory index was 48.5%, an increase of 1.2 percentage points from the previous month, indicating that the decline in the inventory of major raw materials in the manufacturing industry has narrowed.
The employment index was 49.6%, an increase of 0.2 percentage points from the previous month, indicating that the employment boom of manufacturing enterprises has improved.
The supplier delivery time index was 50.7%, an increase of 0.3 percentage points from the previous month, indicating that the delivery time of manufacturing raw material suppliers continued to accelerate.
2. Operation of China's non-manufacturing purchasing managers' index
In September, the non-manufacturing business activity index was 55.9%, an increase of 0.7 percentage points from the previous month, and has been above the threshold since March.
In terms of different industries, the business activity index of the construction industry was 60.2%, the same as last month.
The service industry business activity index was 55.2%, an increase of 0.9 percentage points from the previous month.
In terms of industry categories, the business activity index of railway transportation, air transportation, accommodation, catering, telecommunications, broadcasting and television satellite transmission services, leasing and business services is at 60.0% and above. Only the capital market service business activity index is below the critical point.
The new order index was 54.0%, an increase of 1.7 percentage points from the previous month, indicating that the non-manufacturing market demand is recovering faster.
In terms of different industries, the new order index of the construction industry was 56.9%, an increase of 0.5% from the previous month; the new order index of the service industry was 53.5%, an increase of 2.0% from the previous month.
The input price index was 50.6%, a drop of 1.3 percentage points from the previous month, indicating that the overall increase in input prices used by non-manufacturing enterprises for business activities has narrowed.
In terms of different industries, the input price index of the construction industry was 51.3%, down 1.3 percentage points from the previous month; the input price index of the service industry was 50.5%, down 1.2 percentage points from the previous month.
The sales price index was 48.9%, a decrease of 1.2 percentage points from the previous month, indicating that non-manufacturing sales prices have generally fallen.
In terms of industries, the sales price index of the construction industry was 51.0%, down 1.2 percentage points from the previous month; the sales price index of the service industry was 48.5%, down 1.3 percentage points from the previous month.
The employment index was 49.1%, an increase of 0.8 percentage points from the previous month, indicating that the non-manufacturing employment boom continued to rise.
In terms of different industries, the construction industry employment index was 54.6%, an increase of 0.4 percentage points from the previous month; the service industry employment index was 48.1%, an increase of 0.9 percentage points from the previous month.
The business activity expectations index was 63.0%, an increase of 0.9 percentage points from the previous month, indicating that the confidence of non-manufacturing enterprises has increased.
In terms of industries, the construction industry business activity expectation index was 67.8%, an increase of 1.2 percentage points from the previous month; the service industry business activity expectation index was 62.2%, an increase of 0.9 percentage points from the previous month.
3. Operation of China's Comprehensive PMI Output Index
In September, the comprehensive PMI output index was 55.1%, an increase of 0.6 percentage point from the previous month, indicating that the production and operation activities of Chinese enterprises have accelerated.