PMI's three major indexes are all in the expansion range-the economic prosperity is stable and rebounding
Economic Daily, Beijing, December 31 (reporter Xiong Li) Data released by the Service Industry Survey Center of the National Bureau of Statistics and the China Federation of Logistics and Purchasing on the 31st showed that in December 2021, manufacturing purchasing manager index and non-manufacturing business activities The indexes were 50.3% and 52.7%, up 0.2 and 0.4 percentage points from the previous month; the composite PMI output index was 52.2%, the same as last month.
Zhao Qinghe, a senior statistician at the Service Industry Survey Center of the National Bureau of Statistics, said that the three major indexes are all in the expansion range, indicating that the overall economy of my country has maintained a recovery trend and the level of prosperity has rebounded steadily.
With the intensified efforts to stabilize economic policies such as maintaining supply and stabilizing prices and helping companies to relieve difficulties, the prices of some bulk commodities have fallen significantly, the pressure on corporate costs has eased, and the manufacturing boom has rebounded for two consecutive months.
In December 2021, the manufacturing production index was 51.4%. Although it was 0.6 percentage points lower than the previous month, it was higher than the threshold, reflecting the continued growth of the manufacturing industry.
The manufacturing new orders index was 49.7%, 0.3 percentage points higher than last month, and rebounded for two consecutive months.
Wen Tao, an expert from the China Logistics Information Center, said that the purchase price index was 48.1%, a decrease of 4.8 percentage points from the previous month, and fell below 50% for the first time during the year, indicating that the price of raw materials has risen and fallen after a sustained and rapid rise.
Zhou Maohua, a macro researcher at the Financial Markets Department of Everbright Bank, believes that the significant increase in raw material inventories reflects the continued decline in the prices of raw materials and commodities, which has reduced corporate costs. Confidence continues to increase.
"In December 2021, the PMI index will continue to rise on the line of prosperity and decline, indicating that the overall recovery of China's economy has become more clear." The macroeconomic environment of micro-enterprises.
In December 2021, 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.
Cai Jin, vice president of the China Federation of Logistics and Purchasing, said that the business activity index has remained above 52% for three consecutive months, indicating that the trend of non-manufacturing business activities is relatively stable.
The input price index fell month-on-month for two consecutive months, falling below 50%, and the cost pressure of enterprises continued to ease.
Financial industry activities remained active and became the main driving force for the stable operation of non-manufacturing industries.
The business activity index of transportation, accommodation, catering, and cultural, sports and entertainment related industries all rebounded from the previous month, and contact service industry activities have resumed, which better supported the stable operation of non-manufacturing industries.
"But from the perspective of market demand, the new order index is 48.2%, which has been below the critical point for seven consecutive months, indicating that the foundation for the recovery of the service industry is not yet solid, and companies are more cautious about market trends." Zhao Qinghe said.
"It is necessary to mobilize the enthusiasm of market players and fully tap the potential of domestic demand by advancing investment structure optimization and consumption transformation and upgrading; stabilize market expectations by improving the market environment, increasing consumer willingness, and promoting fair development; and increase innovation support by guiding the replacement of new and old industries. To promote the transformation of development momentum." said Wu Wei, an expert at China Logistics Information Center.