CCTV news (news broadcast): China Federation of Logistics and Purchasing, National Bureau of Statistics today (October 31) announced the October China Manufacturing Purchasing Managers Index.
The index continues to operate in a relatively high economic range of more than 51%, the market demand growth is relatively strong, imports and exports continue to improve, and the economy continues to maintain a stable recovery trend.
China's manufacturing purchasing managers' index was 51.4% in October, a slight decrease of 0.1 percentage point from the previous month. It has been at 51.0% or above since July, and has been in the expansion range for eight consecutive months since March.
From the perspective of the industry, the recovery of some traditional manufacturing industries has accelerated. Among them, the production index and new order index of textiles, chemical fibers and rubber and plastic products, ferrous metal smelting and rolling processing, non-ferrous metal smelting and rolling processing, and metal products are higher. Each month has increased to varying degrees.
In addition, imports and exports continue to improve.
In October, the new export order index was 51%, an increase of 0.2 percentage points from the previous month, and the import index was 50.8%, an increase of 0.4 percentage points from the previous month. Both indexes remained above 50%, indicating that the number of imports and exports was last month. Continue to increase on the basis, and the "double cycle" of my country's economy continues to advance.
In general, the major sub-indices in October had less volatility than the previous month, indicating that the economy achieved a stable start in the fourth quarter and a stable recovery trend was good.