Chinanews.com, November 11 According to the website of the National Bureau of Statistics on the 30th, Zhao Qinghe, senior statistician of the Service Industry Survey Center of the National Bureau of Statistics, said in his interpretation of China's purchasing managers' index in November 30 that the manufacturing purchasing managers' index in November was basically the same as that of the previous month, and the non-manufacturing business activity index was in the expansion range.
In November, the manufacturing purchasing managers' index, the non-manufacturing business activity index and the composite PMI output index were 11.49%, 4.50% and 2.50% respectively, down 4.0, 1.0 and 4.0 percentage points from the previous month.
The manufacturing PMI was essentially unchanged from the previous month
In November, affected by factors such as some manufacturing industries entering the traditional off-season and insufficient market demand, the manufacturing PMI was slightly lower than the previous month by 11.0 percentage points.
The production index continued to expand. The production index was 50.7 percent, down 0.2 percentage points from the previous month, and remained above the critical point. From the perspective of industries, the production index of metal products, general equipment, railways, ships, aerospace equipment and other industries was higher than 55.0%, and the production of related industries maintained rapid growth; Industries such as textiles, petroleum, coal and other fuel processing, chemical fibers, and rubber and plastic products are all below the critical point, and production activities have slowed down.
The new orders index was broadly flat. The new orders index was 49.4%, a slight decrease of 0.1 percentage points from the previous month. From the perspective of industries, the new orders index of pharmaceutical, automobile, railway, ship, aerospace equipment and other industries are higher than 53.0%, and the market demand of related industries is released quickly. At the same time, the survey results show that the proportion of enterprises in the manufacturing industry reflecting insufficient market demand is more than sixty percent, and the lack of market demand is still the primary difficulty facing the recovery and development of the manufacturing industry.
Large corporate PMIs remain expanding. The PMI of large enterprises was 50.5 percent, down 0.2 percentage points from the previous month, and remained in the expansion range for six consecutive months, and since May this year, the production index and new orders index of large enterprises have always been above the critical point, and the production and demand of large enterprises have continued to release; the PMI of small and medium-sized enterprises was 6.5 percent and 48.8 percent respectively, and the prosperity level is still weak.
New drivers grew rapidly. From the perspective of key industries, the PMI of high-tech manufacturing was 51.2 percent, up 2.0 percentage points from the previous month, returning to the expansion range, and the PMI of equipment manufacturing was 51.6 percent, up 0.9 percentage points from the previous month, and the expansion of the industry accelerated. The PMI of high-energy-consuming industries was 47.3%, and the prosperity level has declined.
Business confidence continues to improve. The expected index of production and business activities was 55.8%, up 0.2 percentage points from the previous month, continuing to be in a relatively high boom range, and manufacturing enterprises remained optimistic about the overall market development prospects. From the perspective of industries, the expected index of production and business activities in industries such as food and wine, beverages, refined tea, papermaking, printing, cultural, educational, sports, art and entertainment products, and automobiles are all in the relatively prosperous range of more than 59.0%, and enterprises have stable and positive expectations for the development of the industry.
The non-manufacturing business activity index is in expansionary territory
In November, the non-manufacturing business activity index was 11.50%, down 2.0 percentage points from the previous month, still above the critical point, and the pace of non-manufacturing expansion slowed down.
The prosperity level of the service industry has fallen. Affected by factors such as the fading of the holiday effect, the business activity index of the service industry was 49.3%, down 0.8 percentage points from the previous month, and the activity of the service industry market declined. From the perspective of industries, the service industry closely related to residents' travel and consumption was driven by the National Day holiday last month to form a high base, and the index pulled back at a high level this month, and the business activity index of railway transportation, air transportation, accommodation, catering, culture, sports and entertainment and other industries fell; The business activity index of telecommunications, radio, television and satellite transmission services, monetary and financial services, capital market services and other industries is in the relatively prosperous range of more than 55.0%, and the total business volume has grown rapidly. From the perspective of market expectations, the business activity expectation index was 59.3%, an increase of 1.8 percentage points from the previous month, indicating that most service enterprises have strong confidence in the recovery and development of the industry in the future.
The expansion of the construction industry accelerated. The business activity index of the construction industry was 55.0%, up 1.5 percentage points from the previous month, rising to a relatively high prosperity range, and the construction progress of the construction industry continued to accelerate. From the perspective of market expectations, the business activity expectation index was 62.6%, which continued to rise in the high boom range, and the confidence of construction enterprises in the recent market development rose steadily.
The composite PMI output index has retreated
In November, the composite PMI output index was 11.50%, down 4.0 percentage points from the previous month, still higher than the critical point, indicating that the overall production and business activities of Chinese enterprises continued to expand. The manufacturing production index and the non-manufacturing business activity index, which make up the composite PMI output index, were 3.50% and 7.50%, respectively.