China's manufacturing business sentiment index for this month has fallen below the previous month for three consecutive months due to a decline in production due to consecutive holidays in line with the Chinese New Year, and the pace of improvement in business sentiment has slowed once. It is in shape.
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 28th, was 50.6, down 0.7 points from last month.
The 50, which is the turning point of economic judgment, exceeded the previous month for 12 consecutive months, but fell below the previous month for 3 consecutive months.
This is due to the fact that production was reduced mainly by exporters due to the large consecutive holidays that coincided with the Chinese New Year's Spring Festival this month.
In addition, in the index by company size, large companies exceeded the milestone of 50, while medium-sized and small companies both fell below 50 from the previous month, and statistical authorities are relatively It is said that it was greatly affected by the consecutive holidays.
"The Chinese economy is generally expanding, but the pace of corporate activity is slowing," statistics officials said.
In China, the economy is recovering quickly in the world, but the pace of improvement in business sentiment has slowed down due to the temporary increase in the number of people infected with the new coronavirus last month.