China News Service, March 31. According to the website of the National Bureau of Statistics, on the 31st, the Service Industry Survey Center of the National Bureau of Statistics and the China Federation of Logistics and Purchasing released the China Purchasing Managers Index.

According to Zhao Qinghe, a senior statistician at the Service Industry Survey Center of the National Bureau of Statistics, China's manufacturing purchasing manager index, non-manufacturing business activity index and comprehensive PMI output index in March were 51.9%, 56.3% and 55.3%, up from the previous month. 1.3, 4.9 and 3.7 percentage points, my country's economy as a whole continues to expand.

Manufacturing Purchasing Managers' Index has risen steadily

  After the Spring Festival, the recovery of enterprise production accelerated, and the manufacturing industry rebounded significantly in March.

Among the 21 industries surveyed, the PMI of 17 industries is above the line of prosperity and decline, and the economic outlook has expanded compared with the previous month.

Main features of this month:

  First, both sides of supply and demand rebounded simultaneously.

The production index and new order index were 53.9% and 53.6%, respectively, 2.0 and 2.1 percentage points higher than last month, indicating that the pace of manufacturing production and demand expansion has accelerated.

From the perspective of the industry, the two indexes of non-metallic mineral products, special equipment, electrical machinery and equipment, computer communication electronic equipment and instrumentation are all higher than 55.0%, and the prosperity of both ends of the production and demand of related industries has risen rapidly.

  The second is the return of imports and exports to the prosperous zone.

After the Spring Festival, the release of domestic market production and demand accelerated, coupled with the continued economic recovery of the world’s major economies, this month’s new export order index and import index were 51.2% and 51.1%, respectively, 2.4 and 1.5 percentage points higher than the previous month, of which the import index rose To the high point in recent years.

  Third, the prosperity of large, medium and small enterprises has rebounded.

The PMI of large, medium and small enterprises was 52.7%, 51.6% and 50.4%, which were 0.5, 2.0 and 2.1 percentage points higher than last month. The production and operation conditions of enterprises of different sizes have improved.

Although the prosperity level of small enterprises is lower than that of large and medium-sized enterprises, the expected index of production and operation activities has risen to 58.4%, indicating that small enterprises have increased confidence in the recent market development.

  Fourth, the new kinetic energy is leading the trend well.

From the perspective of key industries, the PMIs of high-tech manufacturing and equipment manufacturing were 53.9% and 52.9%, respectively, which were 2.0 and 1.0 percentage points higher than the overall manufacturing industry. New momentum continues to play a leading role in the development of manufacturing.

At the same time, the employment index of the two industries rose to 51.2% and 50.5% respectively, indicating that the demand for labor in related industries has increased.

  Fifth, the price index rose to a recent high.

Affected by the continued high operation of international commodity prices, the purchase price index and ex-factory price index of major raw materials this month were 69.4% and 59.8%, respectively, which were 2.7 and 1.3 percentage points higher than the previous month.

From the perspective of the industry, the purchase price index of raw materials for petroleum processing, coal and other fuel processing, chemical fiber and rubber and plastic products, general equipment, special equipment and other industries is higher than 75.0%. Chemical raw materials and chemical products, ferrous metal smelting and rolling processing, The ex-factory price index of non-ferrous metal smelting and rolling processing industries is higher than 70.0%, and the price pressure of related industries has increased.

At the same time, some surveyed companies reported that due to factors such as repeated overseas epidemics and poor international economic and trade, the recent supply of some imported raw materials has been insufficient, prices have risen significantly, and delivery cycles have been prolonged.

Non-manufacturing business activity index rebounded significantly

  In March, the non-manufacturing business activity index was 56.3%, 4.9 percentage points higher than last month, and the pace of non-manufacturing expansion accelerated.

  The service industry has risen to a higher level of prosperity.

The business activity index of the service industry was 55.2%, 4.4 percentage points higher than last month, indicating that as the results of epidemic prevention and control have been consolidated, consumer demand has been continuously released, and the service industry has accelerated its recovery.

From the perspective of the industry, the business activity index of railway transportation, air transportation, telecommunications, broadcasting and television satellite transmission services, Internet software and information technology services, currency and financial services is operating at a high level of above 60.0%, and the total business volume has grown rapidly; At the beginning of the year, the business activity index of industries such as accommodation, leasing, business services, and resident services that had a greater impact on the local epidemic at the beginning of the year rebounded to the prosperous range, and the operating conditions of the industries improved significantly.

In terms of market expectations, the service industry business activity expectation index is 62.9%, which has been in the high level of above 60.0% for two consecutive months, indicating that service industry companies continue to be optimistic about the recent market development.

  The construction industry has returned to the high level of prosperity.

In March, the weather turned warmer, enterprises started concentratedly, and the construction process of the construction industry accelerated. The business activity index of the construction industry this month was 7.6 percentage points higher than that of the previous month, rising to 62.3%.

Among them, the civil engineering and construction industry business activity index was 65.7%, a sharp increase of 11.2 percentage points from the previous month, indicating that with the overall promotion of infrastructure construction and other policies, the industry's production activities have accelerated overall.

The comprehensive PMI output index has expanded rapidly

  In March, the comprehensive PMI output index was 55.3%, 3.7 percentage points higher than last month, indicating that the production and operation activities of Chinese enterprises have accelerated overall this month.

The manufacturing production index and non-manufacturing business activity index, which make up the comprehensive PMI output index, are 53.9% and 56.3%, respectively.