China News Service, November 30. The National Bureau of Statistics announced on its official website the operation of China's Purchasing Managers Index in November 2021.

Data show that in November, China's Manufacturing Purchasing Managers Index (PMI) was 50.1%, an increase of 0.9 percentage points from the previous month, above the threshold, and the manufacturing industry returned to the expansion range.

  In terms of enterprise scale, the PMI of large enterprises was 50.2%, a slight decrease of 0.1 percentage point from the previous month, and continued to be higher than the threshold; the PMI of medium-sized enterprises was 51.2%, an increase of 2.6 percentage points from the previous month, which was higher than the threshold; the PMI of small enterprises It was 48.5%, an increase of 1.0 percentage point from the previous month and lower than the threshold.

  In terms 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 52.0%, an increase of 3.6 percentage points from the previous month, indicating that manufacturing production activities have accelerated.

  The new order index was 49.4%, an increase of 0.6 percentage point from the previous month, indicating that the manufacturing market demand has improved.

  The raw material inventory index was 47.7%, an increase of 0.7 percentage points from the previous month, indicating that the decline in the inventory of major raw materials in the manufacturing industry has narrowed.

  The employment index was 48.9%, an increase of 0.1 percentage point from the previous month, indicating a slight improvement in the employment boom of manufacturing enterprises.

  The supplier delivery time index was 48.2%, an increase of 1.5 percentage points from the previous month, but still below the threshold, indicating that the delivery time of manufacturing raw material suppliers has been extended.

  In addition, in November, the non-manufacturing business activity index was 52.3%, a slight decrease of 0.1 percentage point from the previous month, and continued to be higher than the threshold. The non-manufacturing industry remained stable and recovered.

  In terms of different industries, the business activity index of the construction industry was 59.1%, an increase of 2.2 percentage points from the previous month.

The business activity index of the service industry was 51.1%, a decrease of 0.5 percentage points from the previous month.

From the perspective of the industry, the business activity index of water transportation, telecommunications, broadcasting and television and satellite transmission services, currency and financial services, capital market services, insurance and other industries are in the high boom range of more than 55.0%; retail, road transportation, air transportation, accommodation, catering , Real estate, ecological protection and environmental governance, resident services, culture, sports and entertainment industry business activity index is below the threshold.

  The new order index was 48.9%, a slight decrease of 0.1 percentage point from the previous month, and was lower than the threshold, indicating that the non-manufacturing market demand has slowed down.

In terms of different industries, the new order index of the construction industry was 54.2%, an increase of 1.9 percentage points from the previous month; the new order index of the service industry was 47.9%, a decrease of 0.5 percentage points from the previous month.

  The input price index was 50.8%, a decrease of 7.0 percentage points from the previous month, and was higher than the threshold, indicating that the overall level of increase in input prices used by non-manufacturing enterprises for business activities has significantly narrowed.

In terms of different industries, the input price index of the construction industry was 44.9%, a decrease of 25.8 percentage points from the previous month; the input price index of the service industry was 51.8%, a decrease of 3.7 percentage points from the previous month.

  The sales price index was 50.1%. Although it was down 2.6 percentage points from the previous month, it was still above the threshold, indicating that the overall level of non-manufacturing sales prices rose slightly.

In terms of different industries, the sales price index of the construction industry was 52.5%, a decrease of 4.6 percentage points from the previous month; the sales price index of the service industry was 49.6%, a decrease of 2.4 percentage points from the previous month.

  The employment index was 47.3%, a decrease of 0.2 percentage points from the previous month, indicating that the employment boom of non-manufacturing enterprises has weakened.

In terms of different industries, the construction industry employment index was 51.3%, a decrease of 1.1 percentage points from the previous month; the service industry employment index was 46.6%, the same as the previous month.

  The business activity expectation index was 58.2%, a decrease of 0.6 percentage points from the previous month, and continued to be in a relatively high boom range, indicating that non-manufacturing companies have generally stable confidence in the recent market recovery.

In terms of different industries, the business activity expectation index of the construction industry was 58.3%, down 2.0 percentage points from the previous month; the business activity expectation index of the service industry was 58.2%, down 0.3 percentage points from the previous month.

  Regarding the operation of China's comprehensive PMI output index, in November, the comprehensive PMI output index was 52.2%, an increase of 1.4 percentage points from the previous month, indicating that the overall expansion of the production and operation activities of Chinese enterprises has accelerated.

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