In November, the Manufacturing Purchasing Managers Index was 48.0% Interpreted by the National Bureau of Statistics

　　China News Service, November 30th, on the 30th, 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.

　　Zhao Qinghe, a senior statistician at the Service Industry Survey Center of the National Bureau of Statistics, said in his interpretation that in November, affected by multiple factors such as domestic epidemics spreading frequently and the international environment becoming more complicated and severe, China's purchasing managers index fell, and the manufacturing purchasing managers Index, non-manufacturing business activity index and comprehensive PMI output index were 48.0%, 46.7% and 47.1% respectively, which were 1.2, 2.0 and 1.9 percentage points lower than last month, and the overall level of my country's economic prosperity has dropped.

　Manufacturing purchasing managers index down

　　In November, the manufacturing PMI dropped to 48.0%, which was lower than the critical point for two consecutive months, and the downward pressure on the manufacturing industry has increased.

　　Both production and demand continued to slow down.

In November, the epidemic had a negative impact on the production and operation of some enterprises, production activities slowed down, and product orders decreased.

The production index was 47.8%, a decrease of 1.8 percentage points from the previous month, and continued to be below the critical point; the new order index was 46.4%, a decrease of 1.7 percentage points from the previous month, of which the new export order index was 46.7%, a decrease of 0.9 points from the previous month percentage points, both manufacturing production and domestic and foreign market demand have dropped.

At the same time, the supplier delivery time index dropped to 46.7%. Some surveyed companies reported that due to factors such as poor logistics and transportation and limited production activities of upstream and downstream enterprises, suppliers' delivery time lags and customer orders have decreased.

　　The price index has declined.

The purchase price index of major raw materials was 50.7%, 2.6 percentage points lower than that of the previous month, and the increase in the overall level of manufacturing raw material purchase prices narrowed; the ex-factory price index was 47.4%, 1.3 percentage points lower than that of the previous month, and the overall level of ex-factory prices of products continued to increase. fall back.

From the perspective of the industry, due to factors such as the decline in market demand, the two price indexes of industries such as petroleum, coal and other fuel processing, chemical fiber and rubber and plastic products, ferrous metal smelting and rolling processing, which mainly produce basic raw materials, have fallen by the extent The two price indexes of agricultural and sideline food processing, non-ferrous metal smelting and rolling processing are still at a high level above 55.0%.

　　The PMIs of enterprises of different sizes all fell.

The PMIs of large, medium and small enterprises were 49.1%, 48.1% and 45.6% respectively, down 1.0, 0.8 and 2.6 percentage points from the previous month, all lower than the critical point.

The survey results show that the proportion of large, medium and small enterprises reflecting the shortage of funds and insufficient market demand has increased, among which the proportion of small enterprises is 46.0% and 58.8%, up 0.8 and 1.9 percentage points from the previous month. The production and operation pressure of enterprises is even greater.

　　Market expectations are more volatile.

The production and business activities expectation index was 48.9 percent, 3.7 percentage points lower than that of the previous month, and the market expectations of the manufacturing industry have generally dropped.

From the perspective of industry, the expected index of production and operation activities in industries such as textiles, chemical raw materials and chemical products, ferrous metal smelting and rolling processing, and metal products are all lower than 43.0%, indicating that the confidence of enterprises is insufficient.

　　The overall prosperity level of the manufacturing industry has declined this month, but some industries still maintain expansion. Among them, the PMI and production and business activity expectation index of agricultural and sideline food processing, food and beverage refined tea, medicine, electrical machinery equipment and other industries continue to stay in the boom range , the market demand keeps growing, and enterprises are relatively optimistic about the development of the industry.

　Non-manufacturing business activity index falls

　　In November, the non-manufacturing business activity index was 46.7%, a decrease of 2.0 percentage points from the previous month, which was lower than the threshold for two consecutive months, and the level of non-manufacturing business activity fell.

　　The level of prosperity in the service industry has fallen.

In November, some regions were greatly affected by the epidemic, the market activity decreased, and the recovery of the service industry slowed down.

The business activity index dropped to 45.1%, 1.9 percentage points lower than the previous month.

Among the 21 industries surveyed, 15 are in the shrinking range, among which the business activity index of contact-aggregated industries such as road transportation, air transportation, accommodation, catering, culture, sports and entertainment is lower than 38.0%, and the total business volume of the industry has dropped significantly.

Driven by the "Double Eleven" promotional activities, the demand for express delivery has increased significantly, and the business activity index of the postal industry has risen to 55.4%, which is located in a relatively high boom range; monetary and financial services, insurance and other financial industries are all higher than 57.0%, and the total business volume Rapid growth provides effective support for serving the development of the real economy.

From the perspective of market expectations, the business activity expectation index is 53.1%, among which the business activity expectation index of industries such as wholesale, railway transportation, postal services, telecommunications, broadcasting, television and satellite transmission services, Internet software and information technology services, and monetary and financial services are in a relatively high boom range , Enterprises maintain confidence in the recovery and development of the industry.

　　The construction industry continued to be in a relatively high economic range.

The business activity index of the construction industry was 55.4%, which has been in a relatively high boom range for six consecutive months, and the construction industry as a whole has maintained rapid growth.

Among them, the business activity index of the civil engineering construction industry was 62.3%, 1.5 percentage points higher than that of the previous month, and the construction progress of enterprises has accelerated.

From the perspective of market expectations, the business activity expectation index is 59.6%, which is in a relatively high boom range. Enterprises generally remain optimistic about the industry's development expectations.

(China New Finance and Economics)