China News Service, December 31. According to the news from the website of the National Bureau of Statistics on December 31, on December 31, 2022, the Service Industry Survey Center of the National Bureau of Statistics and the China Federation of Logistics and Purchasing released the China Purchasing Manager Index.

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

　　In December, due to the impact of the epidemic and other factors, China's purchasing managers' index decreased from the previous month, of which the manufacturing purchasing managers' index, non-manufacturing business activity index and comprehensive PMI output index were 47.0%, 41.6% and 42.6% respectively , my country's economic prosperity has generally declined.

Manufacturing PMI lower than last month

　　In December, the manufacturing PMI dropped to 47.0%, down 1.0 percentage points from the previous month.

Both production and demand have declined.

The epidemic has had a great impact on the production and demand of enterprises, the arrival of personnel, and logistics and distribution.

In December, 56.3% of the surveyed manufacturing companies reported that they were greatly affected by the epidemic, which was 15.5 percentage points higher than the previous month.

The production index and new order index were 44.6% and 43.9% respectively, 3.2 and 2.5 percentage points lower than the previous month. Manufacturing production activities continued to slow down, and product orders declined.

At the same time, the supplier delivery time index dropped to 40.1%. Some surveyed companies reported that due to the impact of the epidemic, the logistics and transportation manpower was insufficient, and the delivery time had been extended.

Price indices all rebounded.

The purchase price index of major raw materials was 51.6%, 0.9 percentage points higher than that of the previous month, and the overall level of raw material purchase prices in the manufacturing industry has risen; the ex-factory price index was 49.0%, 1.6 percentage points higher than that of the previous month, and the overall level of ex-factory prices of products has dropped narrowed.

This month, the price trends of different industries are significantly different. Among them, the two price indexes of agricultural and sideline food processing, petroleum, coal and other fuel processing industries are all lower than 45.0%, and the raw material procurement and product sales prices of enterprises have decreased compared with the previous month; ferrous metals The two price indexes of smelting and rolling processing, non-ferrous metal smelting and rolling processing industries are all above 55.0%, and the prices have risen significantly.

The employment index continued to decline.

Affected by the short-term impact of the epidemic, the employee attendance rate of manufacturing enterprises is obviously insufficient.

The employment index fell to 44.8%, 2.6 percentage points lower than last month, and this month's manufacturing PMI dropped by 0.5 percentage points.

At the same time, the proportion of enterprises reflecting insufficient labor supply was 6.5 percentage points higher than that of the previous month.

The PMI of people's livelihood-related industries continued to expand.

Although the PMI of the manufacturing industry has dropped this month, the PMI of industries closely related to people's livelihood such as agricultural and sideline food processing and medicine continue to remain in the expansion range, providing a strong guarantee for economic and social recovery and development.

　　At the same time, most companies in the survey believe that as the epidemic situation gradually improves, the market trend is expected to pick up later.

Non-manufacturing business activity index falls

　　In December, the non-manufacturing business activity index was 41.6%, down 5.1 percentage points from the previous month, and the level of non-manufacturing business sentiment continued to fall.

The level of prosperity in the service industry has fallen.

In December, the proportion of enterprises in the surveyed service industry that reported that they were greatly affected by the epidemic rose to 61.3%, which was 10.0 percentage points higher than that of the previous month.

The business activity index dropped to 39.4 percent, 5.7 percentage points lower than that of the previous month, and the market activity of the service industry dropped significantly.

Among the 21 industries surveyed, 15 are in the shrinking range, among which the business activity index of retail, road transportation, accommodation, catering, resident services and other contact-aggregated industries are all lower than 35.0%, and the total business volume of the industry has dropped significantly.

With the further optimization and implementation of policies such as the ten measures for the prevention and control of the new crown pneumonia epidemic, and the Spring Festival approaching, the number of domestic and international passenger flights has recovered significantly, and the business activity index of the air transport industry has risen to a high level of above 60.0%. The business activity indexes of TV and satellite transmission services, Internet software and information technology services, monetary and financial services, insurance and other industries all continued to be in the boom range, and the total business volume grew steadily.

The construction industry keeps expanding.

The construction industry business activity index was 54.4 percent, 1.0 percentage points lower than the previous month, and higher than the threshold, and the overall construction industry continued to grow.

Among them, the business activity index of the civil engineering construction industry was 57.1%, which has been in a relatively high economic range for 11 consecutive months, indicating that driven by various policies and measures such as the promotion of major project construction, civil engineering construction enterprises have maintained a relatively fast construction progress.

Composite PMI output index falls

　　In December, the comprehensive PMI output index was 42.6%, a decrease of 4.5 percentage points from the previous month, indicating that the overall production and operation activities of Chinese enterprises have slowed down.

The manufacturing production index and non-manufacturing business activity index, which constitute the composite PMI output index, were 44.6% and 41.6% respectively.

(China New Finance and Economics)