China News Service, Beijing, December 31 (Reporter Wang Enbo) The National Bureau of Statistics of China announced on December 31 that in December 2021, China’s Manufacturing Purchasing Managers Index (PMI) was 50.3%, an increase of 0.2 percentage points from the previous month. At the tipping point, the manufacturing boom continued to pick up.
Zhao Qinghe, a senior statistician at the Service Industry Survey Center of the National Bureau of Statistics, said that as 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 dropped significantly, and the cost pressure of enterprises has eased. The business climate level has rebounded for two consecutive months.
Specifically, production continues to expand.
The production index in December 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% or more, and production activities accelerated.
On the demand side, the new order index was 49.7%, 0.3 percentage points higher than last month, and it rebounded for two consecutive months.
From the perspective of industry conditions, the new order index of industries such as pharmaceuticals, automobiles, computer communications and electronic equipment continues to be in the business range, and is higher than the overall manufacturing industry by more than 3.0 percentage points, and the release of market demand is accelerating.
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%.
In addition, 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%, which was 1.3% higher than last month. Percentage points, the economic level rebounded from a low level.
The data disclosed on the same day also showed that 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.
Among them, 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.
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