China News Service, August 31. According to the National Bureau of Statistics, the Service Industry Survey Center of the National Bureau of Statistics and the China Federation of Logistics and Purchasing released on the 31st the operation of the China Purchasing Managers Index.
Data show that in August, China's Manufacturing Purchasing Managers Index (PMI) was 50.1%, which continued to be above the critical point, 0.3 percentage points lower than the previous month, and the expansion of the manufacturing industry weakened.
In terms of the operation of China's Manufacturing Purchasing Managers Index, in terms of the size of enterprises, the PMI of large enterprises was 50.3%, down 1.4 percentage points from the previous month, and continued to be higher than the threshold; the PMI of medium-sized enterprises was 51.2%, an increase of 1.2 percentage points from the previous month , Higher than the threshold; PMI of small enterprises was 48.2%, up 0.4 percentage points from the previous month, and lower than the threshold.
From the perspective of sub-indices, among the five sub-indices that make up the manufacturing PMI, the production index is above the critical point, and the new order index, raw material inventory index, employee index, and supplier delivery time index are all below the critical point.
The production index was 50.9%, a slight decrease of 0.1 percentage point from the previous month, and was higher than the threshold, indicating that the expansion of manufacturing production was generally stable.
The new order index was 49.6%, down 1.3 percentage points from the previous month, and lower than the threshold, indicating that the manufacturing market demand has weakened.
The raw material inventory index was 47.7%. Although it was the same as last month, it was still below the threshold, indicating that the manufacturing industry's main raw material inventory decreased from the previous month.
The employment index was 49.6%. Although it was the same as last month, it was still below the critical point, indicating that the labor demand of manufacturing enterprises has fallen slightly.
The supplier delivery time index was 48.0%, a decrease of 0.9 percentage points from the previous month, and was lower than the threshold, indicating that the delivery time of manufacturing raw material suppliers has been extended.
Regarding the operation of China's non-manufacturing purchasing managers' index, in August, the non-manufacturing business activity index was 47.5%, which was 5.8 percentage points lower than the previous month and fell below the threshold, indicating that it was affected by recent epidemics in multiple provinces and other factors. The non-manufacturing industry's prosperity has dropped significantly.
In terms of different industries, the business activity index of the construction industry was 60.5%, 3.0 percentage points higher than last month.
The service industry business activity index was 45.2%, 7.3 percentage points lower than last month.
From the perspective of the industry, the business activity index of road transportation, air transportation, accommodation, catering, culture, sports and entertainment industries has dropped significantly below the critical point; wholesale, postal, telecommunications, broadcasting, television and satellite transmission services, currency and financial services, capital market services, etc. The industry business activity index is above the threshold.
The new order index was 42.2%, a decrease of 7.5 percentage points from the previous month, and was lower than the threshold, indicating that the non-manufacturing market demand has weakened.
In terms of different industries, the new order index of the construction industry was 51.4%, an increase of 1.4 percentage points from the previous month; the new order index of the service industry was 40.5%, a decrease of 9.2 percentage points from the previous month.
The input price index was 51.3%, a decrease of 2.2 percentage points from the previous month, and was higher than the threshold, indicating that the price increase of inputs used by non-manufacturing enterprises for business activities has narrowed compared with the previous month.
In terms of different industries, the input price index of the construction industry was 55.3%, a decrease of 1.8 percentage points from the previous month; the input price index of the service industry was 50.5%, a decrease of 2.3 percentage points from the previous month.
The sales price index was 49.3%, a decrease of 2.0 percentage points from the previous month, and was lower than the threshold, indicating that non-manufacturing sales prices had fallen.
In terms of different industries, the sales price index of the construction industry was 53.6%, an increase of 0.7 percentage points from the previous month; the sales price index of the service industry was 48.5%, a decrease of 2.6 percentage points from the previous month.
The employment index was 47.0%, a decrease of 1.2 percentage points from the previous month, indicating that the employment boom of non-manufacturing enterprises has decreased.
In terms of different industries, the construction industry employment index was 50.6%, a decrease of 1.5 percentage points from the previous month; the service industry employment index was 46.4%, a decrease of 1.1 percentage points from the previous month.
The business activity expectation index was 57.4%, a decrease of 3.3 percentage points from the previous month, and was still in a relatively high boom range, indicating that as the epidemic is effectively controlled, non-manufacturing companies' confidence in the recent market development is generally stable.
In terms of different industries, the business activity expectation index of the construction industry was 58.4%, a decrease of 5.6 percentage points from the previous month; the business activity expectation index of the service industry was 57.3%, a decrease of 2.8 percentage points from the previous month.
Regarding the operation of China's comprehensive PMI output index, in August, the comprehensive PMI output index was 48.9%, a drop of 3.5 percentage points from the previous month, indicating that the production and operation activities of Chinese enterprises have significantly slowed down from the previous month.