China News Service, Beijing, October 31 (Reporter Wang Enbo) The National Bureau of Statistics of China announced on October 31 that in October, China’s Manufacturing Purchasing Managers’ Index (PMI) was 49.2%, down 0.4% from the previous month, for two consecutive times The month is in the contraction zone.
Zhao Qinghe, a senior statistician at the Service Industry Survey Center of the National Bureau of Statistics, said that the decline in manufacturing PMI in October was mainly affected by factors such as still tight power supply and high prices of some raw materials.
From the perspective of industry conditions, among the 21 industries surveyed, 9 were above the threshold, 3 less than last month, and the production and operation activity of manufacturing enterprises has weakened.
Specifically, both ends of supply and demand slowed down further.
The production index and the new order index were 48.4% and 48.8%, respectively, down 1.1 and 0.5 percentage points from the previous month. They continued to be in the contraction range, and manufacturing production and market demand weakened.
The price index continues to rise.
The purchase price index and ex-factory price index of major raw materials were 72.1% and 61.1%, respectively, 8.6 and 4.7 percentage points higher than last month. The ex-factory price index was the highest in recent years.
From the perspective of the industry, the two price indices of petroleum, coal and other fuel processing, chemical raw materials and chemical products, ferrous metal smelting and rolling processing, non-ferrous metal smelting and rolling processing and other industries are in the high range of more than 73.0%, reflecting the purchase price of raw materials And product sales prices have accelerated.
The import and export index rebounded slightly.
The new export order index and import index were 46.6% and 47.5%, respectively, up 0.4 and 0.7 percentage points from the previous month.
Zhao Qinghe said that the recent recovery of major economies in the world has slowed down, the international economic and trade situation is complex and changeable, and the trend of manufacturing imports and exports needs further observation.
In terms of enterprise scale, the PMI of large enterprises was 50.3%, a slight decrease of 0.1 percentage point from the previous month, and still higher than the threshold. Large enterprises continued to expand.
The PMI of medium-sized companies was 48.6%, a decrease of 1.1 percentage points from the previous month, and was in the contraction range for two consecutive months; the PMI of small companies was 47.5%, which was the same as last month, and has been in the contraction range for 6 consecutive months. The production and operation pressure of small and medium-sized enterprises is relatively high.
The data released on the same day also showed that in October, the non-manufacturing business activity index was 52.4%. Although it was 0.8 percentage points lower than the previous month, it was still higher than the threshold, indicating that the non-manufacturing sector continued to expand, but its intensity weakened.
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