China News Service, December 31. According to the website of the National Bureau of Statistics, on December 31, 2021, 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.

In this regard, Zhao Qinghe, a senior statistician at the Service Industry Survey Center of the National Bureau of Statistics, explained.

　　In December, the manufacturing purchasing manager index and non-manufacturing business activity index were 50.3% and 52.7%, respectively, up 0.2 and 0.4 percentage points from the previous month; the composite PMI output index was 52.2%, the same as the previous month, the three major indexes All are in the expansion zone.

It shows that my country's economy as a whole has maintained a recovery trend, and the level of prosperity has recovered steadily.

　1. Manufacturing Purchasing Managers' Index Continues to Rise

　　With the intensification of a series of stable economic development policies such as ensuring supply and stabilizing prices and helping companies to relieve difficulties, the prices of some commodities have fallen significantly, the pressure on corporate costs has eased, and the level of manufacturing prosperity has rebounded for two consecutive months.

Main features of this month:

　　One is the expansion of production.

The production index was 51.4%, which was 0.6 percentage points lower than the previous month, but it was higher than the threshold, reflecting the continued growth of manufacturing production.

Among them, the production index of pharmaceuticals, general equipment, ferrous metal smelting and rolling processing industries rebounded by 3.9 percentage points or more, and production activities accelerated; but the production indexes of textile, petroleum, coal, and other fuel processing industries fell below the critical point. Activities have slowed down.

　　Second, demand has improved.

The new orders index was 49.7%, 0.3 percentage points higher than last month, and rebounded for two consecutive months.

From the perspective of the industry, the new order index of the pharmaceutical, automotive, computer, communication and electronic equipment industries continues to be in the boom range, and is higher than the overall manufacturing industry by more than 3.0%, and the market demand is accelerating; but textiles, wood processing and furniture, non-metallic minerals The prosperity level of industries such as products is low, and the growth momentum is weak.

　　Third, the price index continued to fall.

The purchase price index and ex-factory price index of major raw materials were 48.1% and 45.5%, respectively, which were 4.8 and 3.4 percentage points lower than the previous month. They fell for two consecutive months, and both fell to their lowest points since May 2020.

In terms of industry conditions, the two price indices of petroleum, coal and other fuel processing, ferrous metal smelting and rolling processing industries are both lower than 35.0%.

As the prices of some raw materials have fallen, procurement costs have fallen, and companies have accelerated their stocking. The procurement volume index and the raw material inventory index both rose to recent highs, which were 50.8% and 49.2%, respectively, which were significantly higher than the 0.6 and 1.5 percentage points of the previous month.

　　Fourth, the high-tech manufacturing industry maintained rapid growth.

The PMI of high-tech manufacturing, equipment manufacturing, and consumer goods industries were 54.0%, 51.6%, and 51.1%, respectively, all of which continued to be higher than the threshold, and the industry continued to expand; the PMI of high-energy-consuming industries was 48.7%, 1.3 percentage points higher than last month , The economic level rebounded from a low level.

Among them, the high-tech manufacturing new order index and employee index were 56.1% and 51.7%, respectively, 2.9 and 1.1 percentage points higher than the previous month. The market demand for high-tech manufacturing continued to grow rapidly, the number of laborers continued to increase, and the industry's development trend good.

　　Fifth, the operation of large and medium-sized enterprises is generally stable.

The PMIs of large and medium-sized enterprises were both 51.3%, 1.1 and 0.1 percentage points higher than last month, respectively, and the prosperity level rose steadily.

Among them, the new order index was 50.8% and 51.7%, 1.2 and 1.3 percentage points higher than last month, indicating that the recent recovery of market demand for large and medium-sized enterprises has accelerated.

The PMI of small businesses was 46.5%, a decrease of 2.0 percentage points from the previous month, and the prosperity level is still weak.

　2. The expansion of non-manufacturing business activity index has accelerated

　　In December, the non-manufacturing business activity index was 52.7%, an increase of 0.4 percentage points from the previous month, and was above the threshold for four consecutive months. The overall non-manufacturing business activity level has rebounded.

　　The recovery of the service industry has accelerated.

The business activity index of the service industry was 52.0%, an increase of 0.9 percentage points from the previous month, indicating that the recovery of the service industry's business activities has generally accelerated.

Among the 21 industries surveyed, 13 of the business activity indexes were higher than the threshold, and the service industry's prosperity has expanded.

Among them, air transportation, catering, culture, sports and entertainment, and other industries that were most affected by the epidemic last month, the business activity index rose to the expansion range, and market activity has increased; telecommunications, broadcasting, television and satellite transmission services, currency and financial services, and capital market services Other industries have maintained a high level of prosperity above 60.0%, and the total business volume has continued to grow rapidly.

However, from the perspective of market demand, the new order index was 48.2%, which was below the critical point for seven consecutive months, indicating that the foundation of the service industry's recovery is not yet solid, and companies are more cautious about market trends.

　　The construction industry boomed.

Affected by factors such as the cold wave and the approach of the "two festivals", the business activity index of the construction industry was 56.3%, a decrease of 2.8 percentage points from the previous month, reflecting the slowdown in the expansion of the construction industry.

The recent policy of ensuring supply and price stabilization has continued to be effective. The input price index of the construction industry is 48.1%, which has been below the threshold for two consecutive months, and the cost pressure of enterprises has been eased to a certain extent.

3. The comprehensive PMI output index remains stable

　　In December, the comprehensive PMI output index was 52.2%, which was the same as the previous month, indicating that the overall production and operation activities of Chinese enterprises have expanded steadily.

The manufacturing production index and non-manufacturing business activity index that make up the comprehensive PMI output index are 51.4% and 52.7%, respectively.