Economic Daily-China Economic Net Beijing (Reporter Xiong Li) Recently, the Service Industry Survey Center of the National Bureau of Statistics and the China Federation of Logistics and Purchasing released the China Purchasing Manager Index (PMI).
In December 2020, my country’s economic recovery continued to consolidate. China’s manufacturing purchasing manager index, non-manufacturing business activity index, and comprehensive PMI output index were 51.9%, 55.7%, and 55.1%, respectively, although they were all slightly below 11. However, they will continue to be at a relatively high operating level in 2020, and remain above the line of prosperity and decline for 10 consecutive months.
In the fourth quarter of 2020, the pace of recovery in the manufacturing industry has accelerated, and the manufacturing PMI in December was 51.9%.
"The overall manufacturing industry has maintained a good momentum of steady recovery, and its prosperity is at a relatively high level during the year." said Zhao Qinghe, a senior statistician at the Service Industry Survey Center of the National Bureau of Statistics.
The leading role of high-tech manufacturing continues to appear.
In 2020, the PMI of high-tech manufacturing will always be higher than that of the overall manufacturing industry, which was 55.8% in December.
"From the perspective of the annual trend of the index, in the context of the continued existence of the epidemic, my country's economic recovery has continued to improve, the recovery speed has been accelerating, the recovery of different industries and enterprises of different sizes has good synergy, and the growth of new momentum is strong." China Wen Tao, an expert at the Logistics Information Center, said.
In December 2020, the non-manufacturing business activity index was 55.7%, which was 0.7 percentage points lower than that in November, and remained at a relatively high level of above 55.0%. The non-manufacturing sector continued its steady recovery.
The prosperity of the service industry remained at a relatively high level. The business activity index of the service industry was 54.8%, which was 0.9 percentage points lower than in November, but was still at a high level of operation throughout the year.
Cai Jin, vice chairman of the China Federation of Logistics and Purchasing, believes that in December 2020, the non-manufacturing business activity index dropped by 0.7 percentage points from the previous month, but it remained at a relatively high level of 55.7%.
The new order index has fallen more significantly, but it is still 51.9%, higher than the same period in 2019.
In the fourth quarter, the average value of the non-manufacturing business activity index was 56.1%, better than the 55.1% in the third quarter and 53.7% in the second quarter. The non-manufacturing economy showed a trend of accelerating recovery quarter by quarter.
In December 2020, the comprehensive PMI output index was 55.1%, 0.6 percentage points lower than that in November, and remained at a relatively high level of above 55.0% for 4 consecutive months, indicating that the production and operation activities of Chinese enterprises have continued to recover recently.
Zhang Liqun, a researcher at the Development Research Center of the State Council, believes that it is necessary to continue to increase efforts in the implementation of policies related to expanding domestic demand, rationally play the respective functions of the market and the government, and strive to maintain smooth transmission of the industrial chain and supply chain in the process of comprehensive economic recovery Follow up in time.