China's manufacturing business sentiment index this month has fallen below "50," which is a milestone in economic judgment, for the second straight month due to the effects of domestic power supply restrictions and soaring raw material prices, and the Chinese economy. Indicates that the deceleration of is continuing.
According to the Manufacturing PMI = Purchasing Manager Business Confidence Index, which is surveyed by the National Bureau of Statistics of China for 3,000 manufacturing companies, this month's index was "49.2", 0.4 points lower than last month, for the seventh straight month. It was lower than the previous month.
It is the second consecutive month that the index has fallen below "50", which is a turning point for judging whether the economy is good or bad.
This is mainly due to the fact that the supply of electricity has been restricted in Japan and the prices of raw materials such as crude oil, coal and metals have continued to rise, resulting in a reduction in both corporate production and new orders. ..
According to the National Bureau of Statistics, "manufacturing production and management activities are weakening."
Regarding the Chinese economy, the growth rate of GDP = gross domestic product from July to last month was 4.9% higher than the same period last year, which is smaller than the previous three months, and the slowdown has become clearer. However, the manufacturing PMI fell below the milestone level, indicating that the deceleration is continuing.