Announcement of business sentiment for 3000 Chinese manufacturing companies

Announcement of business sentiment for 3000 Chinese manufacturing companies October 31 14:16

China's manufacturing business sentiment index fell slightly this month, but remained above the milestones of economic judgment.

While the Chinese economy continues to pick up from the effects of the new coronavirus, authorities have also expressed concern about worsening business sentiment for small businesses.

Every month, the National Bureau of Statistics of China publishes the Manufacturing PMI = Purchasing Manager Business Confidence Index, which surveys 3,000 manufacturing companies.

This month's manufacturing PMI, announced on the 31st, was 51.4, down 0.1 points from last month.

Although it fell below the previous month for the first time in two months, the 50, which is a milestone in economic judgment, has risen for eight consecutive months.

However, in the index by company size, large companies were 52.6 and medium-sized companies were 50.6, both exceeding 50, while small companies were 0.7 points worse than last month, 49.4. It has become.

In this regard, officials say the Chinese economy as a whole continues to recover steadily, while "the index for small companies is clearly below the level of the manufacturing industry as a whole, and there is a lack of demand for small companies. There are also concerns.

In the Chinese economy, the growth rate of GDP = gross domestic product from July to last month has been positive for the second consecutive quarter, and the movement of recovery is continuing, but in order to regain the strength of the economic recovery, companies The challenge is to improve management regardless of scale.